Phantom Members definition

Phantom Members means all Persons who have been granted phantom equity interests in the Company pursuant to phantom membership agreements, each of whom is identified on the Phantom Members Schedule.
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Examples of Phantom Members in a sentence

  • The Phantom Members Schedule identifies all Persons who have been granted phantom equity interests in the Company, the amount and type of phantom equity interests issued to such Persons (including exercise price) and the portion of any proceeds to be received by the Phantom Members to be reinvested by such Phantom Member in exchange for shares of Holdings Preferred Stock and Holdings Common Stock pursuant to Phantom Membership Cancellation Agreements.

  • In addition, upon conversion of all phantom equity interests in the Company into Units pursuant to Section 4.13 above, the Phantom Members may become a party to this Agreement and succeed to all of the rights and obligations of a "Seller" under this Agreement by executing a Joinder and, upon such execution, such Person shall for all purposes be a party to this Agreement as a Seller.

  • All rights of Phantom Members who execute Phantom Membership Cancellation Agreements shall be terminated as of the Closing pursuant to such Phantom Membership Cancellation Agreement.

  • The Phantom Members Schedule identifies all Persons who have been granted phantom equity interests in the Company and the amount and type of phantom equity interests issued to such Persons (including exercise price).

  • In the event of the Conversion, the Company may update the Schedule of Sellers, the Phantom Members Schedule, and the Capitalization Schedule solely to reflect changes to such Schedules as a result of the Conversion.

  • At any time on or prior to December 31, 2004, the Company and the Phantom Members may convert all of the phantom equity interests of the Company into Units on terms and conditions reasonably satisfactory to Buyer if all Phantom Members execute Joinders and become Sellers (the "Conversion").

  • As of December 31, 2004, all Phantom Members have executed Conversion Agreements and all rights of Phantom Members shall be terminated pursuant to such Conversion Agreements.

Related to Phantom Members

  • Deferred member means a person who elected to receive deferred vested retirement

  • 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.

  • Team Members means the members of the Team, jointly and severally;

  • Plan Member means a person that has assets in a capital accumulation plan;

  • Employee Member means any employee of a participating employer who has applied to become a Member in such manner as the Trustee may reasonably require.