Phantom RSU definition

Phantom RSU means each “phantom restricted stock unit” that relates to the value of Company Common Stock and is settled in cash pursuant to the terms thereof, whether granted pursuant to the Company Stock Plan or otherwise.
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Phantom RSU means an RSU which will always be satisfied with a cash payment as described in rule 4.7;
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Phantom RSU means Restricted Stock Units under which the Participant has no right to acquire Stock and which will always be satisfied in cash in accordance with rule ‎7.4;
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Examples of Phantom RSU in a sentence

  • In addition, as of the date of this Agreement there are (A) 1,723,204 Goldcorp PSUs outstanding under the Goldcorp PSU Plan, and (B) 887,677 Goldcorp Phantom RSUs outstanding under the Goldcorp Phantom RSU Plan.

  • Such additional TI Phantom RSUs (including fractional TI Phantom RSUs), if credited, shall vest on the same basis, and shall have the same TI Phantom RSU Settlement Date, as the underlying TI Phantom RSUs.

  • If the Award is an Option which is in the form of a Phantom Option or a Phantom RSU, rule ‎7.4 will apply.

  • Settlement of TI Phantom RSUs shall take place on the TI Phantom RSU Settlement Date by the Corporation delivering a cheque to the Participant or payment through normal payroll procedures, if available, in an amount equal to the Payment Value.

  • Each RSU, Phantom RSU and Phantom PSU is nominally equal in value to one TELUS International subordinate voting share.

  • Except as otherwise provided herein, the Participant shall have no rights as a shareholder with respect to any Shares covered by any Phantom RSU unless and until the Phantom RSUs are settled in Shares, if at all, and Participant has become the holder of record of such Shares.

  • For each award of TI Phantom RSUs, the Board may specify in the TI Phantom RSU Agreement, the Performance Period provided that such Performance Period may not expire after December 31 of the third calendar year following the year in which the services giving rise to the award were rendered.

  • For each award of TELUS Phantom RSUs, the Board may specify in the TELUS Phantom RSU Agreement, the Performance Period provided that such Performance Period may not expire after December 31 of the third calendar year following the year in which the services giving rise to the Award were rendered.

  • TI Phantom RSUs shall be evidenced by a TI Phantom RSU Agreement or included in an Employment or Service Agreement, in such form not inconsistent with the Plan as the Board may from time to time determine.

  • The TELUS Phantom RSU Agreement may provide that such TELUS Phantom RSUs shall vest on the Date of Grant, but will not be paid or settled prior to the date that is the TELUS Phantom RSU Settlement Date.

Related to Phantom RSU

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

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Deferred Share Unit or “DSU” 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 7;

  • 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.

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

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • 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.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • 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;

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

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

  • 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.

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.