Company Phantom Stock definition
Examples of Company Phantom Stock in a sentence
Prior to the Effective Time, the Company shall take or cause to be taken any and all actions necessary to give effect to the treatment of the Company Options, Company RSUs and Company Phantom Stock Rights pursuant to this Section 6.8. The Company shall provide or make available all true, correct and complete copies of individual equity award agreements to Parent as soon as reasonably practicable following the date of this Agreement (but not later than 15 days following the date hereof).
However, they may also serve as a guideline for other fossil material that may occur.
At the First Merger Effective Time, each share of Company Common Stock underlying such Company Phantom Stock Award shall be treated as an outstanding share of Company Common Stock for all purposes of this Agreement, including for purposes of receiving the Merger Consideration pursuant to Section 3.1(b)(i).
Since June 30, 2009, (i) no shares of Company Common Stock have been issued, except pursuant to Company Options, Company Performance Unit awards, Company Bonus Stock awards or Company Phantom Stock awards granted under the Company Stock Plans, or options granted under the ESPP, in each case outstanding on June 30, 2009, and (ii) no Company Options, Company Performance Unit awards or Company Phantom Stock awards granted under the Company Stock Plans, or options granted under the ESPP have been granted.
The Company will pass resolutions approving and take other actions as may be reasonably necessary or required to effect the cancellation of Company Options, Company Phantom Stock Awards, Company RSUs, Company RSAs and Company SARs upon the Effective Time, and to give effect to this Section 2.8 (including the satisfaction of the requirements of Rule 16b-3(e) promulgated under the Exchange Act).
Parent shall use all reasonable best efforts to cause the shares of Parent Common Stock to be issued in the Merger or in connection with the Merger (including shares issuable under any Adjusted Stock Rights or Company Phantom Stock) to be approved for listing on the NYSE at or prior to the Effective Time, subject to official notice of issuance.
In connection with Closing, the Company Phantom Stock shall become fully vested and the holder(s) thereof shall be entitled to receive cash in an amount per unit equal to the Per Share Value minus the strike price of the Company Phantom Stock (i.e., $45.00), which shall be payable by the Company.
As of the close of business on the date of this Agreement, 882,250 shares of Company Common Stock were reserved for issuance pursuant to outstanding Company Stock Options, 57,143 Company RSUs (each of which relates to one share of Company Common Stock) were issued and outstanding, and 474,747 Company Phantom Stock Units (each of which relates to one share of Company Common Stock) were issued and outstanding.
The shares of Parent Common Stock to be issued in the Merger or in connection with the Merger (including shares issuable under any Adjusted Stock Rights, Company Bonus Stock or Company Phantom Stock) shall have been approved for listing on the NYSE, subject to official notice of issuance.
Chesapeake Display and Packaging Company Phantom Stock Bonus Arrangements with the following employees: L.