Phantom Award definition

Phantom Award means a conditional right granted under the Plan to receive a cash sum linked to the value of a number of notional Shares;

Phantom Award means a conditional right granted under the Plan to receive a cash sum in the future that is linked to the value of a given number of notional Shares;

Phantom Award means an award issued prior to the Effective Date by the Company pursuant to a stock appreciation right agreement or a phantom stock appreciation right agreement.

Examples of Phantom Award in a sentence

• If there is a change of control of Fletcher Building, such as an amalgamation or court sanctioned arrangement or if the Company passes a resolution for voluntarywinding up, the Company may determine that the Award Conditions are satisfied in respect of some or all Shares and Phantom Shares in the Plan and as a consequence you may be entitled to receive Award Shares or Phantom Award Shares, as applicable, relating to those shares.

• You will receive a payment of the same amount you would have received if you had sold the same number of Shares under the Plan.• At the end of the Qualification Period for your Phantom Purchased Shares you will receive a cash payment equal to the notional value of those Phantom Purchased Shares, and the Phantom Award Shares and Phantom Additional Shares relating to those Phantom Purchased Shares, provided that you still remain employed within the Fletcher Building Group.

• At the end of the Qualification Period for your Phantom Purchased Shares, you will receive a cash payment equal to the notional value of those Phantom Purchased Shares, and the Phantom Award Shares and Phantom Additional Shares relating to those Phantom Purchased Shares, provided that you still remain employed within the Fletcher Building Group.

• A Phantom Award will not confer any right to receive Shares or any interest in Shares.

• An Award, other than a Phantom Award, may be satisfied by the issue of Shares, the transfer of Shares from treasury, or by the transfer of Shares purchased on the market including from an employee benefit trust.

More Definitions of Phantom Award

Phantom Award means a Phantom Conditional Award or a Phantom Nil-cost Option;

Phantom Award means a conditional right granted under these Terms and Conditions to receive a cash sum linked to the value of a number of Shares;

Phantom Award means a conditional right to receive an amount of cash equal to the value of a specified number of Shares, granted under rule 3;

Phantom Award means a right granted in respect of notional Shares which provide a right to receive a cash sum linked to the value of such notional Shares;

Phantom Award means a right granted under the Plan to receive a cash sum linked to the value of a number of notional Shares, which may be granted in the form of a Phantom Conditional Award or a Phantom Option;

Phantom Award means a right to receive an Award Percentage of the Distributions.

Phantom Award means an Award granted under schedule 1;