Phantom RSU definition

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 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 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.

  • A TELUS Phantom RSU is an Award entitling the recipient to receive, in respect of a TELUS Share, the Payment Value subject to such restrictions and conditions as the Board may determine at the time of grant.

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

  • Stock dividends on Shares shall be credited to a dividend book entry account on behalf of the Participant with respect to each Phantom RSU granted to the Participant; provided that such stock dividends shall be paid in Shares at the same time that the Shares (or cash in lieu of Shares) underlying the Phantom RSUs are delivered to the Participant in accordance with the provisions hereof.

  • 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 such TELUS Phantom RSUs that vest on the Date of Grant, the calculation shall be made on the TELUS Phantom RSU Settlement Date.

  • A TI Phantom RSU is an Award granted by the Corporation to the Eligible Participant entitling such Participant to receive, in respect of a unit, the Payment Value subject to the provisions herein and the applicable TI Phantom RSU Agreement.

  • 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.

  • Each Phantom RSU is to be settled in cash equal to the market value of one Hindalco share.

  • Pursuant to the Phantom Plan, each Phantom RSU vests over 32 months and is redeemable for an amount in cash equal to the fair market value of one Share on the redemption date.

Related to Phantom RSU

  • 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 Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

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

  • Phantom Unit means a notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.

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

  • Share Unit means either an RSU or a PSU, as the context requires.

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

  • Stock Unit means a bookkeeping entry representing the equivalent of one 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.

  • 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.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • 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).

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • 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.