Phantom Option definition

Phantom Option means a right to be paid a cash amount representing the value of notional Shares, granted in accordance with rule 3;

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Phantom Option means a contingent right to receive a cash sum under this Scheme as calculated in accordance with Rule 14, which is either subsisting or proposed to be granted;

Phantom Option means a contingent right to receive a cash sum (calculated by reference to the value of Shares) granted pursuant to a phantom share option scheme;

Examples of Phantom Option in a sentence

• The Employee, pursuant to the provisions set forth in the Phantom Option and Profit Share Bonus Agreement, hereby agrees to subscribe for the Issuable Shares.

• Notwithstanding anything in the Adopted Plans or the Phantom Option Plan or the terms of any awards granted thereunder to the contrary, BreitBurn Management shall have the power to modify the Adopted Plans and the Phantom Option Plan and such awards as necessary for such plans and awards to comply with Section 409A of the Internal Revenue Code.

• The Company shall terminate the Company Stock Option Plans as of the Effective Time, and take all such action as is necessary to terminate the Options as of the Effective Time, so that on and after the Effective Time no holder of an Option shall have any option to purchase shares of Class A Common Stock or any other equity interest in the Company under the Company Stock Option Plans or the Phantom Option agreements.

• Your Phantom Option is a right to receive a cash sum calculated by reference to a price per Share (“the Offer Price”) equal to a 15% discount to the lower of the Micro Focus share price at: o the start of the Offer Period; and o the date on which your Phantom Option is exercised – this will normally be the end of the Offer Period, other than in certain circumstances where your Phantom Option is exercised early (see below).

• At the Effective Time, each Company Stock Option and Phantom Option will be cancelled without any action on the part of the holder thereof and without any cash payment being made in respect thereof, it being understood that no Company Stock Option will have an exercise price per share less than the Merger Consideration as of the Effective Time.

More Definitions of Phantom Option

Phantom Option means an Option which will always be satisfied with a cash payment as described in rule 4.7;

Phantom Option means each cash-settled stock appreciation right that relates to the value of the Company Common Stock, whether granted pursuant to the Company Stock Plan or otherwise.

Phantom Option means a contingent right to receive, under the Plan, on exercise:-

Phantom Option means a phantom option granted in terms of the Phantom Option Scheme;

Phantom Option means a right granted by the Corporation to a Participant to receive a payment, either in cash or in Shares, equal to the appreciation in the Shares in excess of the Market Value at the Date of Grant, during a specified period, as set forth in the Phantom Option Agreement;

Phantom Option means a right to elect to receive, for a stated period of time, cash equal to the excess of the Fair Market Value of Stock over the Phantom Option Price.

Phantom Option means a right in relation to notional Shares which, when exercised, entitles the Participant to be paid a cash amount subject to the Rules as amended by this Schedule 1;