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;

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Phantom Award means a conditional right granted under the Plan to receive a cash sum in the future that is linked to the Market Value of a 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

Payment shall be in the 2015 Phantom Award Agreement - Cash 5 form of cash equal to the Fair Market Value of one (1) share of Common Stock for each full vested unit of Phantom Stock, and any fractional vested unit of Phantom Stock shall be rounded up to the next whole share for purposes of both vesting under Section 2 and payment under this Section 7.
The provisions of this paragraph shall not apply to contact initiated by an employee or contractor of the Company or its affiliates in response to a 2015 Phantom Award Agreement - Cash 7 general solicitation of applications for employment.
Phantom Award As provided in Section 22 (Check Airmen and Instructors), or as in Section 23, for a Management Pilot, if a Check Airman/Instructor or Management Pilot holds a Vacancy but do not immediately occupy and maintains his current Position in order to continue his Checking Duties in that aircraft.
Any Dividend Equivalent subject to this Award shall expire at the time the unit of Phantom Stock with respect to which the Dividend Equivalent is in tandem (i) is vested and paid, or, to the extent permitted by the laws of the applicable jurisdiction, deferred, (ii) is 2015 Phantom Award Agreement - Cash 4 forfeited, or (iii) expires.
By granting this Award to the Participant, the Company is cancelling the Phantom Award agreement on the Earnings Distribution Date and the Participant shall, upon the Company’s request, promptly return the Phantom Award agreement for cancellation on the Earnings Distribution Date.

More Definitions of Phantom Award

Phantom Award means a Phantom Conditional Award or a Phantom Option;

Phantom Award means an Award under which the Participant has no right to acquire Stock and which will always be satisfied in cash in accordance with rule ‎9.4;

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

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 the cash-settled conditional awards granted under the Plan;

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;