Phantom Plan Sample Clauses

Phantom Plan. 16 Plan........................................................................................7
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Phantom Plan. The Employee has received under the Safariland Group 2021 Phantom Restricted Share Plan (the “Phantom Plan”) a Phantom Share Award Agreement, dated March 18, 2021, for 5,220 Phantom Shares, which will continue to remain outstanding and be subject to the vesting and other terms as set forth in the Phantom Plan and related Award Agreement.
Sample 1
Phantom Plan. Parent shall cause TRLIC to make all payments due under the Phantom Plan no later than the second payroll date following the Closing Date. The Company shall, prior to the Closing, adopt resolutions to provide for the termination of the Phantom Plan effective as of the Closing Date, subject to Parent’s making such payments.
Sample 1
Phantom Plan. Prior to the Closing (but, in any event, no later than two days prior to the satisfaction of the conditions to the obligations of the parties set forth in Article VII (other than Section 7.1(b) and such other conditions as may, by their terms, only be satisfied at the Closing or on the Closing Date)), the Seller shall cause the Company to establish a phantom equity plan, in form and substance satisfactory to the Buyer (the “Phantom Plan”), which shall provide for awards to certain employees of the Company (the “Phantom Plan Participants”) with an aggregate value equal to $2,000,000. The Phantom Plan Participants and their respective grants under the Phantom Plan shall be mutually agreed between the Buyer and the Seller prior to the Closing. Within 20 days of the third anniversary of the Closing, the Buyer shall issue to the Owners in accordance with Section 2.7(b) an aggregate number of shares of the Parent Common Stock equal to the number of shares of Parent Common Stock that are forfeited by the Phantom Plan Participants under the terms of the Phantom Plan on or prior to the third anniversary of the Closing Date (such amount, the “Contingent Issuance”).
Sample 1
Phantom Plan. The Phantom Plan shall have been established and grants under the Phantom Plan shall have been made to the Phantom Plan Participants, in each case, as mutually agreed between the Buyer and the Seller.
Sample 1

Related to Phantom Plan

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Restricted Stock Unit Award The Grantee is hereby granted NUMBER OF SHARES restricted stock units (the "Restricted Stock Units"). Each Restricted Stock Unit represents the right to receive one share of the Company's Common Stock, $.001 par value (the "Stock"), subject to the terms and conditions of this Agreement and the Plan.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • Grant Award On and subject to the terms and conditions set forth herein, Triumph hereby agrees to make a grant (the “Grant”) to Grantee in the aggregate maximum amount of up to Two Hundred Thousand and 00/100 Dollars ($200,000.00) (the “Maximum Grant Amount”) to provide partial funding for the Project.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

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