{"component": "clause", "props": {"groups": [{"snippet": "Each phantom stock unit (each, a \u201cPhantom Unit\u201d) subject to the Company 2008 Deferred Compensation and Stock Plan for Directors and outstanding immediately prior to the Effective Time shall be deemed converted into an amount in cash equal to (i) the number of Phantom Units in the Director\u2019s account, multiplied by (ii) the Cash Award Consideration. The consideration payable under this Section 4.6(e) to each former holder of a Phantom Unit that was outstanding immediately prior to the Effective Time shall be paid to such former holder as soon as practicable following the Effective Time (but in any event not later than ten (10) Business Days thereafter), net of any Taxes withheld pursuant to Section 4.2(h); provided, however, that to the extent any such payment would cause an impermissible acceleration event under Section 409A, such amounts will be paid at the earliest time such payment would not cause an impermissible acceleration event under Section 409A.", "samples": [{"hash": "b8gFVqAivCL", "uri": "/contracts/b8gFVqAivCL#phantom-stock-units", "label": "Voting Agreement (Newhouse Broadcasting Corp)", "score": 28.5811080933, "published": true}, {"hash": "hHecKoz9Tvp", "uri": "/contracts/hHecKoz9Tvp#phantom-stock-units", "label": "Merger Agreement (Scripps Networks Interactive, Inc.)", "score": 28.578371048, "published": true}, {"hash": "evEUlG8iX9b", "uri": "/contracts/evEUlG8iX9b#phantom-stock-units", "label": "Voting Agreement (Discovery Communications, Inc.)", "score": 28.578371048, "published": true}], "size": 4, "snippet_links": [{"key": "phantom-stock-unit", "type": "definition", "offset": [5, 23]}, {"key": "to-the-company", "type": "definition", "offset": [57, 71]}, {"key": "compensation-and", "type": "clause", "offset": [86, 102]}, {"key": "stock-plan", "type": "definition", "offset": [103, 113]}, {"key": "directors-and", "type": "clause", "offset": [118, 131]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [156, 183]}, {"key": "equal-to", "type": "definition", "offset": [233, 241]}, {"key": "phantom-units", "type": "definition", "offset": [260, 273]}, {"key": "the-director", "type": "clause", "offset": [277, 289]}, {"key": "award-consideration", "type": "definition", "offset": [329, 348]}, {"key": "consideration-payable", "type": "clause", "offset": [354, 375]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [539, 561]}, {"key": "following-the-effective-time", "type": "clause", "offset": [562, 590]}, {"key": "business-days-thereafter", "type": "clause", "offset": [633, 657]}, {"key": "taxes-withheld", "type": "clause", "offset": [671, 685]}, {"key": "pursuant-to-section", "type": "clause", "offset": [686, 705]}, {"key": "to-the-extent", "type": "clause", "offset": [738, 751]}, {"key": "acceleration-event", "type": "clause", "offset": [798, 816]}, {"key": "section-409a", "type": "clause", "offset": [823, 835]}], "hash": "b6728217d9a147adb35176eef280e1d3", "id": 2}, {"snippet": "The Employee hereby accepts the Phantom Stock Units and agrees with respect thereto as follows:", "samples": [{"hash": "kZpcQ85sEDW", "uri": "/contracts/kZpcQ85sEDW#phantom-stock-units", "label": "Phantom Stock Unit Agreement (Forest Oil Corp)", "score": 24.3921966553, "published": true}, {"hash": "7GDBBgWrl3R", "uri": "/contracts/7GDBBgWrl3R#phantom-stock-units", "label": "Phantom Stock Unit Agreement (Forest Oil Corp)", "score": 24.3921966553, "published": true}, {"hash": "eNaF2M7VLmj", "uri": "/contracts/eNaF2M7VLmj#phantom-stock-units", "label": "Phantom Stock Unit Agreement (Forest Oil Corp)", "score": 24.1430530548, "published": true}], "size": 25, "snippet_links": [{"key": "the-employee", "type": "clause", "offset": [0, 12]}], "hash": "892544c920421a1aefb3994f2f48f5ee", "id": 1}, {"snippet": "The phantom stock units awarded to each Moody's Director and New D&B Director (\"Corporation Phantom Stock Units\") shall be adjusted or substituted, as the case may be, into a number of Moody's Phantom Stock Units equal to the number of Corporation Phantom Stock Units held by such Moody's Director or New D&B Director immediately prior to the Distribution and a number of New D&B Phantom Stock Units equal to fifty percent of the number of Corporation Phantom Stock Units held by such Corporation Director immediately prior to the Distribution. As of the Effective Time, the Moody's Group shall retain Liabilities relating to the Moody's Phantom Stock Units and the New D&B Phantom Stock Units held by Moody's Directors. As of the Effective Time, the New D&B Group shall assume Liabilities with respect to the Moody's Phantom Stock Units and the New D&B Phantom Stock Units held by all other Corporation Directors. Except as otherwise provided in the New D&B Replacement Plans, the Corporation Stock Incentive Plans, this Section 6.6 or Section 6.8, the Moody's Phantom Stock Units and the New D&B Phantom Stock Units will have the same terms and conditions as the Corporation Phantom Stock Units from which they arose.", "samples": [{"hash": "ira1dsvQnTj", "uri": "/contracts/ira1dsvQnTj#phantom-stock-units", "label": "Employee Benefits Agreement (New D&b Corp)", "score": 18.0, "published": true}, {"hash": "dnzWnNk38br", "uri": "/contracts/dnzWnNk38br#phantom-stock-units", "label": "Employee Benefits Agreement (New D&b Corp)", "score": 18.0, "published": true}, {"hash": "7hhURGNGUvD", "uri": "/contracts/7hhURGNGUvD#phantom-stock-units", "label": "Employee Benefits Agreement (Moodys Corp /De/)", "score": 18.0, "published": true}], "size": 3, "snippet_links": [{"key": "units-awarded", "type": "clause", "offset": [18, 31]}, {"key": "the-case", "type": "definition", "offset": [151, 159]}, {"key": "number-of", "type": "definition", "offset": [175, 184]}, {"key": "equal-to", "type": "definition", "offset": [213, 221]}, {"key": "prior-to-the-distribution", "type": "clause", "offset": [330, 355]}, {"key": "fifty-percent", "type": "definition", "offset": [409, 422]}, {"key": "corporation-director", "type": "definition", "offset": [485, 505]}, {"key": "the-effective-time", "type": "clause", "offset": [551, 569]}, {"key": "the-moody", "type": "definition", "offset": [571, 580]}, {"key": "relating-to", "type": "definition", "offset": [614, 625]}, {"key": "new-db-group", "type": "definition", "offset": [751, 764]}, {"key": "with-respect-to", "type": "clause", "offset": [790, 805]}, {"key": "other-corporation", "type": "definition", "offset": [886, 903]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [915, 943]}, {"key": "new-db-replacement-plans", "type": "definition", "offset": [951, 976]}, {"key": "corporation-stock-incentive-plans", "type": "clause", "offset": [982, 1015]}, {"key": "section-66", "type": "clause", "offset": [1022, 1033]}, {"key": "section-68", "type": "clause", "offset": [1037, 1048]}, {"key": "same-terms-and-conditions", "type": "definition", "offset": [1132, 1157]}], "hash": "b2ad52368381b08cdfce4f444683e26b", "id": 3}, {"snippet": "All compensation deferred pursuant to a Deferral Election shall be credited to the Participant's Deferral Account and shall be deemed to be invested in Phantom Stock Units (\"Units\").\n(a) Each Unit credited to Participant's Deferral account in accordance with the Plan shall be valued at $1.00 per Unit.", "samples": [{"hash": "hum9EICqiAb", "uri": "/contracts/hum9EICqiAb#phantom-stock-units", "label": "Phantom Stock Unit Agreement (Clientlogic Corp)", "score": 16.0, "published": true}, {"hash": "aRIwYhkiv7d", "uri": "/contracts/aRIwYhkiv7d#phantom-stock-units", "label": "Phantom Stock Unit Agreement (Clientlogic Corp)", "score": 16.0, "published": true}, {"hash": "9EW4mXsQX6l", "uri": "/contracts/9EW4mXsQX6l#phantom-stock-units", "label": "Phantom Stock Unit Agreement (Clientlogic Corp)", "score": 16.0, "published": true}], "size": 3, "snippet_links": [{"key": "compensation-deferred", "type": "clause", "offset": [4, 25]}, {"key": "pursuant-to-a", "type": "clause", "offset": [26, 39]}, {"key": "deferral-election", "type": "clause", "offset": [40, 57]}, {"key": "the-participant", "type": "clause", "offset": [79, 94]}, {"key": "deferral-account", "type": "definition", "offset": [97, 113]}, {"key": "to-participant", "type": "definition", "offset": [206, 220]}, {"key": "in-accordance-with", "type": "definition", "offset": [240, 258]}, {"key": "the-plan", "type": "clause", "offset": [259, 267]}], "hash": "803b75783617cc3888f632ba50a583b2", "id": 4}, {"snippet": "At the earlier to occur of the Offer Closing or the Effective Time (such earlier time, the \u201cAcceleration Time\u201d), each outstanding Phantom Stock Unit (as defined in Section 6.1(b)) shall be cancelled and shall only entitle the holder thereof to receive, as soon as reasonably practicable after the Acceleration Time, but in any event no later than the earlier of (i) the second payroll period or (ii) thirty (30) days following the Acceleration Time, an amount in cash, for each Phantom Stock Unit, equal to the Per Share Merger Consideration, less applicable Taxes required to be withheld with respect to such payment.", "samples": [{"hash": "8l8PiXpXlZh", "uri": "/contracts/8l8PiXpXlZh#phantom-stock-units", "label": "Merger Agreement (Icahn Enterprises L.P.)", "score": 21.9582481384, "published": true}, {"hash": "iQCtkHfmra4", "uri": "/contracts/iQCtkHfmra4#phantom-stock-units", "label": "Merger Agreement (Dynegy Inc.)", "score": 21.9527721405, "published": true}], "size": 2, "snippet_links": [{"key": "offer-closing", "type": "definition", "offset": [31, 44]}, {"key": "the-effective-time", "type": "clause", "offset": [48, 66]}, {"key": "acceleration-time", "type": "definition", "offset": [92, 109]}, {"key": "phantom-stock-unit", "type": "definition", "offset": [130, 148]}, {"key": "defined-in-section", "type": "clause", "offset": [153, 171]}, {"key": "the-holder", "type": "clause", "offset": [222, 232]}, {"key": "to-receive", "type": "definition", "offset": [241, 251]}, {"key": "payroll-period", "type": "clause", "offset": [377, 391]}, {"key": "following-the", "type": "definition", "offset": [417, 430]}, {"key": "equal-to", "type": "definition", "offset": [498, 506]}, {"key": "per-share-merger-consideration", "type": "definition", "offset": [511, 541]}, {"key": "applicable-taxes", "type": "clause", "offset": [548, 564]}, {"key": "with-respect-to", "type": "clause", "offset": [589, 604]}], "hash": "7f5e76d364ca05377ae5061cf0f45928", "id": 5}, {"snippet": "The number of Phantom Stock Units subject to the Award shall be _________________________________ (_______). Each Phantom Stock Unit represents the Company\u2019s unfunded and unsecured obligation to make a cash payment equal to the value of one share of the Company\u2019s common stock (\u201cCommon Stock\u201d), $.01 par value per share, in accordance with this Award, subject to the terms of this Award and the Plan.", "samples": [{"hash": "lkTPlkWL1Ar", "uri": "/contracts/lkTPlkWL1Ar#phantom-stock-units", "label": "Service Based Phantom Stock Unit Award (Ruby Tuesday Inc)", "score": 27.7761802673, "published": true}, {"hash": "i6zZ9pjbCCO", "uri": "/contracts/i6zZ9pjbCCO#phantom-stock-units", "label": "Service Based Phantom Stock Unit Award (Ruby Tuesday Inc)", "score": 27.7652301788, "published": true}], "size": 2, "snippet_links": [{"key": "number-of-phantom", "type": "clause", "offset": [4, 21]}, {"key": "the-award", "type": "clause", "offset": [45, 54]}, {"key": "obligation-to", "type": "clause", "offset": [181, 194]}, {"key": "cash-payment", "type": "clause", "offset": [202, 214]}, {"key": "equal-to", "type": "definition", "offset": [215, 223]}, {"key": "the-value", "type": "clause", "offset": [224, 233]}, {"key": "one-share", "type": "definition", "offset": [237, 246]}, {"key": "of-the-company", "type": "clause", "offset": [247, 261]}, {"key": "common-stock", "type": "definition", "offset": [264, 276]}, {"key": "par-value-per-share", "type": "clause", "offset": [300, 319]}, {"key": "in-accordance-with", "type": "definition", "offset": [321, 339]}, {"key": "terms-of", "type": "definition", "offset": [367, 375]}, {"key": "the-plan", "type": "clause", "offset": [391, 399]}], "hash": "8f8307e4b2e63bfcffba4e7cb9618bf5", "id": 6}, {"snippet": "(i) At the Effective Time, each outstanding Phantom Stock Unit granted prior to March 19, 2012, whether vested or unvested, shall be cancelled and shall only entitle the holder thereof to receive from the Company, in full settlement of such Phantom Stock Unit, as soon as reasonably practicable after the Effective Time (but in any event no later than three Business Days after the Effective Time), an amount in cash, equal to the product of (x) the total number of units subject to such Phantom Stock Unit immediately prior to the Effective Time using, if applicable, the target (100%) level of achievement under the respective award agreement to determine such number and (y) the Per Share Merger Consideration, less applicable Taxes required to be withheld with respect to such payment.\n(ii) At the Effective Time, each outstanding Phantom Stock Unit granted on or after March 19, 2012, which is outstanding immediately prior to the Effective Time, shall be converted into the right to receive a cash payment from the Company equal to the Per Share Merger Consideration, payable within 10 Business Days after the applicable vesting date of such Phantom Stock Unit, in full settlement of such Phantom Stock Unit, subject to the same terms and conditions as were applicable under such Phantom Stock Unit as of immediately prior to the Effective Time (including any vesting schedule and any acceleration of vesting upon an involuntary termination pursuant to the applicable award agreements); provided that any performance vesting requirements will be deemed met at the target (100%) level as of the Effective Time.", "samples": [{"hash": "llygqxffThd", "uri": "/contracts/llygqxffThd#phantom-stock-units", "label": "Merger Agreement (Wolverine World Wide Inc /De/)", "score": 23.3381252289, "published": true}, {"hash": "jGqsEriQZ56", "uri": "/contracts/jGqsEriQZ56#phantom-stock-units", "label": "Merger Agreement (Collective Brands, Inc.)", "score": 23.332649231, "published": true}], "size": 2, "snippet_links": [{"key": "at-the-effective-time", "type": "clause", "offset": [4, 25]}, {"key": "phantom-stock-unit", "type": "definition", "offset": [44, 62]}, {"key": "the-holder", "type": "clause", "offset": [166, 176]}, {"key": "from-the-company", "type": "clause", "offset": [196, 212]}, {"key": "settlement-of", "type": "clause", "offset": [222, 235]}, {"key": "after-the-effective-time", "type": "clause", "offset": [295, 319]}, {"key": "days-after", "type": "definition", "offset": [367, 377]}, {"key": "equal-to", "type": "definition", "offset": [418, 426]}, {"key": "the-product", "type": "definition", "offset": [427, 438]}, {"key": "total-number-of-units", "type": "definition", "offset": [450, 471]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [519, 546]}, {"key": "if-applicable", "type": "clause", "offset": [554, 567]}, {"key": "the-target", "type": "clause", "offset": [569, 579]}, {"key": "to-determine", "type": "clause", "offset": [645, 657]}, {"key": "per-share-merger-consideration", "type": "definition", "offset": [682, 712]}, {"key": "applicable-taxes", "type": "clause", "offset": [719, 735]}, {"key": "with-respect-to", "type": "clause", "offset": [760, 775]}, {"key": "after-march", "type": "clause", "offset": [868, 879]}, {"key": "right-to-receive", "type": "clause", "offset": [980, 996]}, {"key": "cash-payment", "type": "clause", "offset": [999, 1011]}, {"key": "payable-within", "type": "definition", "offset": [1074, 1088]}, {"key": "date-of", "type": "clause", "offset": [1135, 1142]}, {"key": "subject-to-the", "type": "definition", "offset": [1215, 1229]}, {"key": "same-terms-and-conditions", "type": "definition", "offset": [1230, 1255]}, {"key": "vesting-schedule", "type": "definition", "offset": [1366, 1382]}, {"key": "pursuant-to-the", "type": "definition", "offset": [1447, 1462]}, {"key": "award-agreements", "type": "definition", "offset": [1474, 1490]}, {"key": "provided-that", "type": "clause", "offset": [1493, 1506]}, {"key": "performance-vesting-requirements", "type": "clause", "offset": [1511, 1543]}], "hash": "d1eae8da51947c026b106f7e94499963", "id": 7}, {"snippet": "(a) Effective as of immediately prior to the Distribution, on the Distribution Date:\n(i) except as set forth in Section 8.03(a)(iii), each Comcast Phantom Stock Unit that is (A) outstanding as of immediately prior to the Distribution and (B) held by a SpinCo Participant (other than a Former SpinCo Employee) shall be converted into a time-based phantom stock unit award with respect to SpinCo Class A Common Stock (\u201cSpinCo Phantom Stock Units\u201d), with the number of shares of SpinCo Class A Common Stock subject to such SpinCo Phantom Stock Units being determined by multiplying (1) the number of shares of Comcast Class A Common Stock subject to such Comcast Phantom Stock Unit immediately prior to the Distribution by (2) the SpinCo Concentration Ratio, rounded down to the nearest whole share of SpinCo Class A Common Stock, and each such SpinCo Phantom Stock Unit shall be payable in cash and shall otherwise remain subject to the same terms and conditions (including vesting and payment schedules) as applied to the corresponding Comcast Phantom Stock Unit as of immediately prior to the Distribution; provided, for the avoidance of doubt, that such SpinCo Phantom Stock Units shall constitute SpinCo Assumed Employee Liabilities;\n(ii) each Comcast Phantom Stock Unit that is (A) outstanding as of immediately prior to the Distribution and (B) held by a Comcast Participant or Former SpinCo Employee shall be converted into an award of adjusted Comcast Phantom Stock Units (the \u201cAdjusted Comcast Phantom Stock Units,\u201d and together with the Adjusted Comcast RSUs and the Adjusted Comcast Options, the \u201cAdjusted Comcast Awards\u201d), with the number of shares of Comcast Class A Common Stock subject to such Adjusted Comcast Phantom Stock Unit being determined by multiplying (1) the number of shares of Comcast Class A Common Stock subject to such Comcast Phantom Stock Unit immediately prior to the Distribution by (2) the Comcast Concentration Ratio, rounded down to the nearest whole share of Comcast Class A Common Stock (the \u201cComcast Phantom Stock Unit Adjustment Formula\u201d), and each such Adjusted Comcast Phantom Stock Unit shall be payable in cash and shall otherwise remain subject to the same terms and conditions (including vesting and payment schedules and, if applicable, deferral elections) as applied to the corresponding Comcast Phantom Stock Unit as of immediately prior to the Distribution; and\n(iii) each Comcast Phantom Stock Unit that is (A) outstanding as of immediately prior to the Distribution, (B) held by a SpinCo Participant (other than a Former SpinCo Employee) and (C) scheduled to be settled in the period between the Distribution Date and March 3, 2026 shall be converted into an award of Adjusted Comcast Phantom Stock Units in accordance with the Comcast Phantom Stock Unit Adjustment Formula, and each such Adjusted Comcast Phantom Stock Unit shall otherwise remain subject to the same terms and conditions (including vesting and payment schedules and, if applicable, deferral elections) as applied to the corresponding Comcast Phantom Stock Units as of immediately prior to the Distribution; provided, for the avoidance of doubt, that service provided to the SpinCo Group by a SpinCo Participant following the Distribution Date shall count for purposes of satisfying the service-based vesting conditions with respect to such Adjusted Comcast Phantom Stock Units.", "samples": [{"hash": "jGwsxvCBHiQ", "uri": "/contracts/jGwsxvCBHiQ#phantom-stock-units", "label": "Employee Matters Agreement (Versant Media Group, Inc.)", "score": 36.879535675, "published": true}], "size": 2, "snippet_links": [{"key": "prior-to-the-distribution", "type": "clause", "offset": [32, 57]}, {"key": "the-distribution-date", "type": "definition", "offset": [62, 83]}, {"key": "spinco-participant", "type": "definition", "offset": [252, 270]}, {"key": "former-spinco-employee", "type": "definition", "offset": [285, 307]}, {"key": "phantom-stock-unit-award", "type": "definition", "offset": [346, 370]}, {"key": "with-respect-to", "type": "clause", "offset": [371, 386]}, {"key": "spinco-class-a-common-stock", "type": "definition", "offset": [387, 414]}, {"key": "number-of-shares-of", "type": "clause", "offset": [456, 475]}, {"key": "comcast-class-a-common-stock", "type": "definition", "offset": [607, 635]}, {"key": "subject-to-the", "type": "definition", "offset": [920, 934]}, {"key": "same-terms-and-conditions", "type": "definition", "offset": [935, 960]}, {"key": "payment-schedules", "type": "definition", "offset": [984, 1001]}, {"key": "as-applied", "type": "definition", "offset": [1003, 1013]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1117, 1143]}, {"key": "assumed-employee-liabilities", "type": "definition", "offset": [1206, 1234]}, {"key": "adjustment-formula", "type": "definition", "offset": [2058, 2076]}, {"key": "if-applicable", "type": "clause", "offset": [2269, 2282]}, {"key": "deferral-elections", "type": "clause", "offset": [2284, 2302]}, {"key": "the-period", "type": "clause", "offset": [2625, 2635]}, {"key": "in-accordance-with", "type": "definition", "offset": [2757, 2775]}, {"key": "service-provided", "type": "definition", "offset": [3170, 3186]}, {"key": "group-by", "type": "clause", "offset": [3201, 3209]}, {"key": "following-the", "type": "definition", "offset": [3231, 3244]}, {"key": "for-purposes-of", "type": "clause", "offset": [3275, 3290]}, {"key": "the-service", "type": "clause", "offset": [3302, 3313]}, {"key": "vesting-conditions", "type": "clause", "offset": [3320, 3338]}], "hash": "6022b80e62e0fffe9759e54e3c1dc2b2", "id": 8}, {"snippet": "As of the Effective Time, each Phantom Stock Unit shall be converted into a phantom stock unit award with respect to the same number of Rollover Units as the number of Common Units to which such Phantom Stock Unit was subject (each, an \u201cAssumed Phantom Stock Unit\u201d), and otherwise with the same terms and conditions as were applicable to such Phantom Stock Unit immediately prior to the Effective Time (including with respect to vesting and termination-related vesting provisions) as applied to the award of Phantom Stock Units for which they were exchanged, except for terms rendered inoperative by reason of the transactions contemplated by this Agreement or for such other administrative or ministerial changes as in the reasonable and good faith determination of the Partnership GP are appropriate to conform the administration of the Assumed Phantom Stock Units.", "samples": [{"hash": "aclotljViHD", "uri": "/contracts/aclotljViHD#phantom-stock-units", "label": "Merger Agreement (Brookfield Asset Management Inc.)", "score": 30.7494869232, "published": true}], "size": 1, "snippet_links": [{"key": "phantom-stock-unit-award", "type": "definition", "offset": [76, 100]}, {"key": "with-respect-to", "type": "clause", "offset": [101, 116]}, {"key": "rollover-units", "type": "clause", "offset": [136, 150]}, {"key": "number-of-common-units", "type": "clause", "offset": [158, 180]}, {"key": "same-terms-and-conditions", "type": "definition", "offset": [290, 315]}, {"key": "applicable-to", "type": "definition", "offset": [324, 337]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [374, 401]}, {"key": "vesting-and-termination", "type": "clause", "offset": [429, 452]}, {"key": "vesting-provisions", "type": "clause", "offset": [461, 479]}, {"key": "as-applied", "type": "definition", "offset": [481, 491]}, {"key": "the-award", "type": "clause", "offset": [495, 504]}, {"key": "agreement-or", "type": "definition", "offset": [648, 660]}, {"key": "other-administrative", "type": "clause", "offset": [670, 690]}, {"key": "ministerial-changes", "type": "clause", "offset": [694, 713]}, {"key": "partnership-gp", "type": "definition", "offset": [771, 785]}, {"key": "administration-of-the", "type": "clause", "offset": [817, 838]}], "hash": "d18d70a49a1900f3d3fbb981643b99e9", "id": 9}, {"snippet": "(a) At the Closing, Merger Sub shall pay or cause to be paid to each holder of a cash-settled phantom stock unit granted by the Company and outstanding immediately prior to the Closing (each, a \u201cPhantom Stock Unit\u201d), whether or not then vested in accordance with its terms, an amount in cash equal to the product of (i) the number of Phantom Stock Units held by such holder and (ii) the Merger Consideration (the \u201cPhantom Stock Unit Consideration\u201d), by wire transfer of immediately available funds to the account specified in writing by such holder at least three (3) business days prior to Closing. No interest will be paid or accrued on the Phantom Stock Unit Consideration.\n(b) Merger Sub shall be entitled to deduct and withhold, or cause to be deducted and withheld, from the consideration otherwise payable to any holder of Phantom Stock Units pursuant to this Agreement such amounts as may be required to be deducted or withheld with respect to the making of such payment under the Code, or any applicable provision of state, local or foreign tax Law. To the extent that amounts are so deducted or withheld and paid over, or caused to be paid over, to the appropriate taxing authority by Merger Sub, such amounts shall be treated for all purposes of this Agreement as having been paid to such holder of Phantom Stock Units.\n(c) At the Closing, Merger Sub shall also pay or cause to be paid to each holder of a Phantom Stock Unit, an amount in cash equal to the Gross Up Payment, by wire transfer of immediately available funds to the account specified in writing by such holder at least three (3) business days prior to Closing. No interest will be paid or accrued on the Gross Up Payment payable on such Phantom Stock Units.\n(d) When the Phantom Stock Unit Consideration and the Gross Up Payment have been paid, each holder of a certificate or certificates representing Phantom Stock Units shall cease to have any rights with respect to such Phantom Stock Units, except for the provisions of such certificates as shall, by their terms, survive payment of the Phantom Stock Units, including provisions with respect to any additional payment subject to the excise tax imposed by Section 4999 of the Code.\n(e) Notwithstanding anything in this Agreement to the contrary, the Phantom Stock Unit Consideration shall be adjusted to reflect fully the effect of any stock split, reverse stock split, stock dividend, reclassification, redenomination, recapitalization, split-up, combination, exchange of shares or other similar transaction with respect to the Common Stock occurring or having a record date or effective date between the 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