Phantom Stock Account definition

Phantom Stock Account means the recordkeeping account established on the books and records of the Company to record the number of shares of Phantom Stock allocated to a Participant under the 2005 Plan.

Phantom Stock Account means that portion of a Participant's Account Balance which is credited with Phantom Stock Units as set forth in Section 3.7(b).

Phantom Stock Account means an account established and maintained for a Participant pursuant to Sections 3.02(a) and 3.02(b)(2).

Examples of Phantom Stock Account in a sentence

• Units credited to your Phantom Stock Account are bookkeeping entries only and do not entitle you to any shares of the Corporation’s common stock or to any voting or other rights associated with shares of such stock.

• As soon as administratively feasible following the last day of each calendar quarter, the Committee shall provide to each eligible Participant a statement of the value of his or her Phantom Stock Account as of the most recent Valuation Date.

• The Bank shall set up an appropriate record (hereinafter called the "Phantom Stock Account") in the name of each Executive under the Plan, and shall record all activities of this agreement in the respective Phantom Stock Accounts of each Executive.

• As of each Valuation Date, the value of a Participant’s Phantom Stock Account shall equal (i) the value of the number of shares of Phantom Stock credited to such account as of the last Valuation Date, plus (ii) the value of the number of shares of Phantom Stock deemed to have been credited to such account as a result of the deemed reinvestment of any dividends deemed to have been paid on such Phantom Stock since the last Valuation Date.

• On and after any such Conversion Event, this 2005 Plan shall be applied, mutatis mutandis, as if the Participant’s Phantom Stock Account was comprised of the cash, securities, notes or other instruments into which the outstanding shares of Company common stock was converted.

More Definitions of Phantom Stock Account

Phantom Stock Account means that portion of a Participant’s Account Balance which is credited with Phantom Stock Units.

Phantom Stock Account means the investment account established for Deferred Bonus Commissions pursuant to Section 5(a) and Section 6(d) of the Plan.

Phantom Stock Account means the bookkeeping Phantom Stock Account maintained by the Company on behalf of each Participant pursuant to Article IV.

Phantom Stock Account means the unfunded memorandum sub-account maintained by the Company pursuant to Subsection 5.02(b) of the Plan to record the number of Phantom Stock Units resulting from Stock Awards and an election by an Eligible Director to have some portion of all of his or her deferred Fees invested in Phantom Stock Units, and shall include all Phantom Stock Units credited as a result of the reinvestment of dividends on Phantom Stock Units.

Phantom Stock Account means the investment account established for Retention Bonuses pursuant to Section 5(a) and Section 6(d) of the Plan.

Phantom Stock Account means the bookkeeping account maintained for each Participant to record certain amounts deferred by the Participant in accordance with Article III hereof.

Phantom Stock Account means the investment account established for Retention Awards pursuant to Section 5(a) and Section 6(d) of this document.