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Common use of Participant for whom Clause in Contracts

Participant for whom. Phantom Stock has been credited generally shall have none of the rights of a shareholder with respect to such Phantom Stock. However, a plan or agreement for the use of Phantom Stock may provide for the crediting of a Participant's Phantom Stock account with cash or stock dividends declared with respect to Common Stock represented by such Phantom Stock.

Appears in 2 contracts

Samples: Incentive Plan (Southern Community Financial Corp.), Stock Incentive Plan (Eagle Financial Services Inc)

Participant for whom. Phantom Stock has been credited generally shall have none of the rights of a shareholder with respect to such Phantom Stock. However, a plan or agreement Agreement for the use of Phantom Stock may provide for the crediting of a Participant's Phantom Stock account with cash or stock dividends declared with respect to Common Stock represented by such Phantom Stock.

Appears in 2 contracts

Samples: 1991 Stock Incentive Plan (Lawyers Title Corp), 2002 Executive Stock Plan (Universal Corp /Va/)

Participant for whom. Phantom Stock has been credited generally shall have none of the rights of a shareholder with respect to such Phantom Stock. However, a plan or agreement an Agreement for the use of Phantom Stock may provide for the crediting of a Participant's ’s Phantom Stock account with cash or stock dividends declared with respect to Common Stock represented by such Phantom Stock.

Appears in 1 contract

Samples: 2000 Stock Incentive Plan (Hilb Rogal & Hamilton Co /Va/)