Phantom Share Unit definition

Phantom Share Unit or "PSU" shall mean a unit of measurement equivalent to one Common Share, with none of the attendant rights of a holder of such share, including, without limitation, the right to vote such share and the right to receive dividends thereon, except to the extent otherwise specifically provided herein.
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Phantom Share Unit means the right to receive the value of one (1) Ordinary Share, subject to the provisions of Section 7.3 of the Plan.
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Phantom Share Unit means a bookkeeping unit representing one share of Common Stock.
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Examples of Phantom Share Unit in a sentence

  • Should Shares be issued pursuant to a Phantom Share Unit award in circumstances where they are not otherwise fully paid up, the Board may require the Participant to pay the aggregate Nominal Value of the Shares on the basis that such Shares underlying the Phantom Share Unit award shall then be allotted as fully paid to the Participant.

  • Phantom Share Unit awards shall be redeemable by the Participant to the Company upon such terms and conditions as the Board may establish.

  • On May 29, 2010, the Board of Directors approved the establishment of the Company’s Phantom Share Unit Plan (“PSUP”); this is a cash-settled plan and the exercise price of all units is $nil.

  • Any fractional Phantom Share Unit that results from the computations hereunder shall be rounded up to the nearest whole number.

  • The distribution with respect to any Phantom Share Unit award may be made in Shares valued at Fair Market Value on the redemption date, in cash, or partly in Shares and partly in cash, as the Board shall in its sole discretion deem appropriate.


More Definitions of Phantom Share Unit

Phantom Share Unit means a phantom share unit granted under the Company’s phantom unit plan which was originally made effective on March 4, 2020 and as amended from time to time.
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Phantom Share Unit means a bookkeeping entry representing an obligation of the Company to pay the value of Shares that vested and that you elected to defer receipt of by participating in the SERP. Plan means the Equity Office Properties Trust [1997 Share Option and Share Award Plan][2003 Share Option and Share Incentive Plan], as amended from time to time.
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Phantom Share Unit means a notional determinate quantity used as a standard for measuring a Participant’s potential benefit under the Plan pursuant to Section 6.02.
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Phantom Share Unit means a right, granted to a Participant pursuant to Article 2.
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Phantom Share Unit means a unit of deemed investment in a share of Common Stock as provided in Article VI.
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Phantom Share Unit means a unit representing the right to receive payments under Section 2.5(d) of this Agreement. A list of outstanding Phantom Share Units and the holders thereof is set forth on Schedule 2.5(d).
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Phantom Share Unit means a unit of measurement equivalent to one share of
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