Phantom Shares definition

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.
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Phantom Shares means an Award of the right to receive Shares, cash equal to the Fair Market Value of such Shares or any combination thereof, in the Committee’s discretion, which is granted pursuant to Section 6(d) of the Plan.
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Phantom Shares means an Award of the right to receive shares of Common Stock issued at the end of a Restricted Period which is granted pursuant to Article VI of the Plan.
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Examples of Phantom Shares in a sentence

  • Neither the Company nor the Committee, nor any other party associated with the Plan, shall be held liable for any decrease in the value of the Phantom Shares.

  • The award of Phantom Shares is intended to be an arrangement that is unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended.

  • If the value of such Phantom Shares decrease, there will be a decrease in the underlying value of what is distributed to the Grantee under the Plan and this Agreement.

  • The Phantom Shares are subject to the terms and conditions of this Agreement and are also subject to the provisions of the Plan.

  • The grant of the Phantom Shares in this Agreement does not create any contractual right or other right to receive any Phantom Shares or other Grants in the future.


More Definitions of Phantom Shares

Phantom Shares means notional shares of Common Stock awarded pursuant to Paragraph 7.
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Phantom Shares means Awards under Section 8(e).
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Phantom Shares means an Award granted to a Participant pursuant to Article 10 herein.
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Phantom Shares means the right to receive Shares or cash equal to the Fair Market Value of such Shares, or any combination thereof, as determined by the Committee, at the end of a specified deferral period (which may or may not be coterminous with the Restricted Period of the Award), which is granted pursuant to Section 6(d) of the Plan.
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Phantom Shares means an Award of the right to receive Shares, cash equal to the Fair Market Value of such Shares or any combination thereof, in the Committee’s discretion.
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Phantom Shares means an Award granted to a Participant pursuant to Article 13 herein.
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Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period (an amount of cash equal to a specified number of Shares, or a combination thereof) which is granted pursuant to Section 6(e) of the Plan.
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