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 (calculated by reference to the value of Shares) granted pursuant to a phantom share option scheme;
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Phantom Option means an Option which will always be satisfied with a cash payment as described in rule 4.7;
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Examples of Phantom Option in a sentence

  • All Phantom Options shall be evidenced by an Award Agreement as described in Section 8.2 below and any payment or settlement made upon exercise of a Phantom Option shall be made to the Participant in accordance with the terms and conditions set forth in the Award Agreement.

  • 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.

  • Phantom Option" means a fictional option granted to a Participant pursuant to Article VIII.

  • Settlement of Phantom Option is done in cash within 90 days from the date of exercise.

  • The strike price of a Phantom Option shall be determined by the Committee, but such strike price shall not be less than 100% of the Fair Market Value per share of Common Stock on the Grant Date of the Phantom Option.


More Definitions of Phantom Option

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.
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Phantom Option means a phantom option granted in terms of the Phantom Option Scheme;
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Phantom Option means a contingent right to receive, under the Plan, on exercise:-
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Phantom Option has the meaning specified therefor in Section -------------- 6.09
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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;
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Phantom Option means an Option which will always be satisfied in cash as described in rule 3.5.1;
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Phantom Option means a right, subject to the General and Special Rules of Sections 5 and 6 and Section 7 of the Program, under which the Company pays to an Employee in cash, or in shares of Stock at its then Fair Market Value, or a combination of both, the amount by which the Fair Market Value of one share of Stock on a designated date exceeds the Fair Market Value of such share on the Option Date, times the number of shares (not in excess of those with respect to which such right is then exercisable) designated by the Employee.
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