Phantom Stock Agreements definition
Examples of Phantom Stock Agreements in a sentence
Separate subaccounts shall be maintained to accommodate different forms and media of payment applicable to specific Phantom Stock Agreements.
Vesting shall occur in accordance with the applicable provisions expressed in the individual Retention Phantom Stock Agreements.
The Company will purchase all phantom shares owned at fair market value for phantom stockholders who resign or are terminated after the date specified in the Phantom Stock Agreements.
As of the date of this proxy, the Board has determined to classify as eligible for Phantom Stock awards only seven persons and to award Phantom Stock rights to such persons pursuant to the Phantom Stock Agreements executed on April 21, 2000.
The Participant’s Equity Compensation Sub-Account shall hold shares of the Participant’s Phantom Stock and shall be credited with earnings and dividends as set forth in the Phantom Stock Agreement(s) between the Company and the Participant.