Common use of Payment of Phantom Stock Interest Clause in Contracts

Payment of Phantom Stock Interest. The Company shall pay, and Executive shall be entitled to receive, the cash value of the Phantom Stock Interest, which shall be paid as follows: (i) one-third thereof within 30 days of the determination of such cash value in accordance with the provisions of section 4.3 hereof, and (ii) one-third thereof on the first anniversary of the Determination Date, and (iii) one-third thereof on the second anniversary of the Determination Date.

Appears in 6 contracts

Samples: Stock Agreement (Affinity Group Holding, Inc.), Stock Agreement (Affinity Group Inc), Stock Agreement (Affinity Group Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!