Phantom Equity Appreciation Rights Value of Company definition

Phantom Equity Appreciation Rights Value of Company means the increase, or decrease, of the value of a share of Phantom Equity, 50% of which is to be determined by the 30-day average, between January 1 and January 31, of the closing price on the stock exchange of one share of Stock, as calculated by the Committee, and 50% of which is determined to be the value of the Participant’s Employer as of the last day of each Plan Year, as calculated by the third-party consultant chosen by the Committee, over its Grant Value Basis. The Phantom Equity Appreciation Rights Value of Company shall be reviewed, approved and recorded by the Committee annually.
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Examples of Phantom Equity Appreciation Rights Value of Company in a sentence

  • For Awards of Phantom Equity Appreciation Rights, the Account value shall be an amount equal to the Phantom Equity Appreciation Rights Value of Company or Phantom Equity Appreciation Rights Value of Subsidiary most recently determined as of the Distribution Date multiplied by the number of shares or percentage interest of vested Phantom Equity Appreciation Rights credited to the Participant’s Account.

  • With respect to 50% of your Award, the Restricted Period will end on the fifth (5th) anniversary of the Grant Date and will become payable in accordance with Section 4 below and calculated based on the Phantom Equity Appreciation Rights Value of Company as determined on the fifth (5th) anniversary of the Grant Date.

  • Notwithstanding any other provision of this Plan or any Award Agreement to the contrary, Participants of the Plan will be subject to a “blackout period” for the 30-day period during which the Committee will be conducting an annual valuation to determine the Phantom Equity Value of Company and Phantom Equity Appreciation Rights Value of Company, as specified in Section 3.29 and 3.31, or any other such blackout period as may benecessary under applicable law.

  • If you elect this valuation method, the value of your Award will continue to be based upon the most recently determined Phantom Equity Appreciation Rights Value of Company as of the date an amount is payable to you pursuant to your deferral election made in accordance with this Section 5.

  • Notwithstanding any other provision of the Plan or this Agreement to the contrary, you will be subject to a “blackout period” for the 30-day period during which the Committee will be conducting an annual valuation to determine the Phantom Equity Value and Phantom Equity Appreciation Rights Value of Company, as specified in Section 3.29 and Section 3.31 of the Plan, or any other such blackout period as may be necessary under applicable law.

  • In the event you do not make an election regarding how the value of your Account will be determined during the Deferral Period, the value will be based on the Phantom Equity Appreciation Rights Value of Company method outlined in Section 5.5(a) below.

  • The remaining 50% of your award will be valued annually, and will be based on the Phantom Equity Appreciation Rights Value of Company determined as of the year each portion of the remaining 50% of your Award is to be paid to you, subject to and in accordance with the terms of the Plan and this Agreement.

  • You may elect to continue to have the value of your Award tied to the Fair Market Value of the Company and be based on the Phantom Equity Appreciation Rights Value of Company during the Deferral Period.

Related to Phantom Equity Appreciation Rights Value of Company

  • 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.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

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

  • 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.

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Unit Appreciation Right or “UAR” means a contingent right that entitles the holder to receive the excess of the Fair Market Value of a Unit on the exercise date of the UAR over the exercise price of the UAR.

  • 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;

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

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

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • 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.

  • 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.

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

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Equity Award Exchange Ratio means the sum of (A) the Exchange Ratio and (B) the quotient (rounded to four decimal places) obtained by dividing the Per Share Cash Consideration by the Huntington Share Closing Price.

  • SAR means a stock appreciation right granted under the Plan.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

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

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

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