Phantom Equity definition

Phantom Equity means the phantom equity issued by the Company pursuant to the Phantom Equity Agreements.
Sample 1Sample 2
Phantom Equity means a hypothetical share of the Stock or hypothetical percentage interest of the Participant’s Employer for purposes of the Plan. Shares or percentage interest of Phantom Equity do not constitute issued and outstanding shares of Stock or percentage interest for any corporate purposes and do not confer on the Participant any voting rights or the right to receive dividends.
Sample 1
Phantom Equity means the value of AEP Energy Services, Inc. as of any Valuation Date determined by multiplying the Average Adjusted Net Income by the Equity Multiple and subtracting from the resulting product the Capital, as illustrated in Exhibit B.
Sample 1

Examples of Phantom Equity in a sentence

  • Participants in the Phantom Equity Plan will participate (based on a granted award percentage) in the common equity value creation of the Company above a dollar threshold determined by the Board or its designee and set forth in the Phantom Equity Plan.

  • Corporate/Other contains certain assets (primarily cash and deferred financing costs), and related expenses that are not allocated to the segments (including compensation expense associated with the Phantom Equity Plan and Equity Plan), except to the extent that the expense can be directly attributable to the segment.

  • The Executive shall be entitled to participate in the School Bus Holdings Phantom Equity Plan (as amended or revised from time to time, in the sole discretion of the Board or its designee, the “Phantom Equity Plan”).

  • Further, the court has considered U.S. Steel’s argument that zeroing is mandatory under the statute.

  • The Company shall, within fifteen days of learning of any such default, so notify Executive that it is not obligated to pay the Phantom Equity Payment otherwise due hereunder.

  • The Company has been allocated compensation expense related to the Phantom Equity Plan based on the specific identification of participants who provided or are providing services to the Company.

  • As such, no future benefits will accrue under the Phantom Equity Plan other than the continued vesting of existing grants.

  • Phantom Equity Incentive Plan – Effective January 1, 2007, LDH Energy adopted a phantom equity incentive plan (“Phantom Equity Plan”) to provide certain employees, selected by the Board of Directors, an opportunity to participate in the realized and unrealized appreciation of the equity value of LDH Energy.

  • Awards under the Phantom Equity Plan are subject to various vesting provisions, generally ranging from zero to three years, and may change on an annual basis.

  • This Agreement and Executive's right to receive any Phantom Equity Payment shall terminate on December 31, 2009.


More Definitions of Phantom Equity

Phantom Equity means the gross amount due to Rune X. Xxxxxxx pursuant to his Contract of Employment with Maschinen GmbH, dated as of May 1, 1992, as amended December 31, 1999. As of December 31, 2005, Phantom Equity was One Million One Hundred Forty-Seven Thousand Euros ((euro)1,147,000) or One Million Three Hundred Fifty-Eight Thousand Dollars ($1,358,000).
Sample 1
Phantom Equity means the gross amount due to Rune G. Xxxxxxx pursuant to his Contract of Employment with Maschinen GmbH, dated as of May 1, 1992, as amended December 31, 1999. As of December 31, 2005, Phantom Equity was One Million One Hundred Forty-Seven Thousand Euros (€1,147,000) or One Million Three Hundred Fifty-Eight Thousand Dollars ($1,358,000).
Sample 1

Related to Phantom Equity

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Phantom means a volume of material behaving in a manner similar to tissue with respect to the attenuation and scattering of radiation. This requires that both the atomic number (Z) and the density of the material be similar to that of tissue.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Performance Stock means a Target Number of Shares granted pursuant to Section 10(a) of the Plan.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.

  • Stock-Based Award means any Award, denominated in Shares, made pursuant to this Plan, including Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Deferred Stock Units, Performance Awards or Other Stock-Based Awards.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.