Phantom Payments definition

Phantom Payments means the aggregate amount of cash payable to any individual Company Phantom Holder pursuant to Section 1.4(b)(ii) and such Company Phantom Unit Holder’s Phantom Unit Cancellation Agreement.
Sample 1
Phantom Payments has the meaning set forth in Section 6(e)(vii).
Sample 1
Phantom Payments shall have the meaning set forth in Section 3.1(c).
Sample 1

Examples of Phantom Payments in a sentence

  • Promptly after the Effective Time (and not later than the first regularly scheduled payroll date not less than five Business Days after the Effective Time), the Surviving Corporation shall pay the Option Payments, SAR Payments, Phantom Payments and the payments to the recipients of Restricted Shares due pursuant to Section 2.1(d)(i), Section 2.1(d)(ii), Section 2.1(d)(iii) and Section 2.1(d)(iv), respectively, through its payroll systems.

  • To the maximum extent permitted under applicable Law, any tax deductible amounts related to the Company Transaction Expenses and the Phantom Payments allocable to the Blocker will be included in and allocated to the Unit Sellers and the Blocker.

  • Any payments made by or on behalf of Buyer to the Sellers under the terms of this Agreement, including pursuant to Section 2.2(b) and Section 2.4 (for clarity, in the case of Section 2.4, net of any Additional Phantom Payments, to the extent applicable), shall be paid in the proportions and to the accounts set forth on Schedule 2.5(b)(i) of this Agreement (with respect to each Seller, such proportion is sometimes referred to herein as the “Pro Rata Share” thereof).

  • Fields Store at such locatiox xx xxx xxar, and Licensee will not be deemed to be in breach of its Development Obligation hereunder, so long as such payments are made; provided, however, that Licensee shall not be allowed to make Phantom Payments hereunder with respect to any Mrs.

  • Notwithstanding the foregoing, if Licensee is not in compliance with its Development Obligation (i) at the end of each year or at the end of the Development Period, or (ii) has made Phantom Payments during any two consecutive years of the Development Period, Licensor shall be entitled to terminate Licensee's rights of exclusivity hereunder, as provided in paragraph 13(d) hereof.

  • Fields Store's Gross Sales, xxx xxx Xxxalty Payments, Phantom Payments and license fees paid (or, if not paid, that such fees are owed) pursuant to this Agreement, and such other information as Licensor may reasonably request.

  • Fields Stores required tx xx xxxxxx pursuant to paragraph 6(c) of its Development Obligation, Licensee, at its option, may pay Phantom Payments for each unopened Store Unit, on or before the first day of each month, commencing on the first day of the month following the date on which such Store Unit was required to be opened pursuant to the Licensee's Development Obligation under paragraph 6(c) above, and continuing each month thereafter until the earlier of the opening of the Mrs.

  • Fields Stores were required xx xx xxxxxd pursuant to paragraph 6(c) hereof, and thereafter Licensee shall no longer have the option to pay Phantom Payments with respect to such Mrs.

  • The Company shall have terminated its phantom stock plan (and any other equity incentive plans, if any) after payment of any amounts due to its management (or any other Persons participating therein, if any) pursuant to such plan (the "Phantom Payments").


More Definitions of Phantom Payments

Phantom Payments shall have the meaning set forth in Section 8.10 hereof.
Sample 1
Phantom Payments means the Phantom Bonus Payments and the Phantom Unit Payments.
Sample 1

Related to Phantom Payments

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Bonus Payments means that portion of the bonus payments received by the

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights 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.

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

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • 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.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Dividend Equivalent Rights means certain rights to receive cash payments as described in Section 3.5.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • Non-Performance Charge means the charge applicable to Capacity Performance Resources as defined in Tariff, Attachment DD, section 10A(e).

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

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

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

  • 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 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.

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.