Phantom Stock Option definition

Phantom Stock Option means an Option, granted under the Plan, which provides that in lieu of receiving shares of Common Stock upon exercise, the recipient will receive an amount equal to the excess of the Fair Market Value of the Common Stock at exercise over the exercise price set forth in the Award Agreement for the Phantom Stock Option.

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Phantom Stock Option means a Performance Option under which a Deferred Amount is credited to a Participant’s Deferred Compensation Account as a number of Phantom Stock Units.

Phantom Stock Option means the deferral option specified in Article IX of the Plan.

Examples of Phantom Stock Option in a sentence

The Phantom Stock Option Account is solely a device for measuring amounts to be paid under this Agreement.
The benefit in this Section 5.1 is the greater of: (a) the value of the Phantom Stock Option Account for the month ending immediately prior to the Executive’s death; or (b) $ .
Unless otherwise specified in this Agreement, no interest shall be credited to the Phantom Stock Option Account.
Pursuant to its Phantom Stock Option Plan ------------------------- effective as of November 1998, the Company has issued 85,715 shares of its phantom stock (the "Phantom Stock"), 17,143 of which vest upon a Change in Control of the Company (as defined therein), which includes the transactions contemplated by this Agreement.
The Company shall establish a Phantom Stock Option Account on its books for the Executive.
All holders of Phantom Stock, the amounts of Phantom Stock they hold, the amounts of Phantom Stock which vest or will be vested upon Closing and the amount of cash to be paid to each holder of Phantom Stock are identified on Schedule 3.6. At or prior to Closing, the Company shall ------------ terminate its Phantom Stock Option Plan, whereupon all unvested Phantom Stock will expire with no liability to the Company.
The Company shall provide to the Executive, within 120 days following the end of each Plan Year this Agreement is in effect, a statement setting forth the Phantom Stock Option Account Balance, stating the number of Phantom Stock shares and detailing the calculation of the value of the Executive’s Phantom Stock Option Account.
In the event of the Company’s merger with a mutual institution, conversion to a stock company or other material change in the Company’s total capitalization that occurs after the establishment by the Company of the Executive’s Phantom Stock Option Account, the number of outstanding Phantom Stock shares subject to this Agreement may be adjusted appropriately by the Company, whose determination shall be conclusive.
The Phantom Stock Option Account is not a trust fund of any kind.
The benefit amount under this Section 4.2 is the value of the Phantom Stock Option Account for the month ending immediately prior to the Executive’s Termination of Employment.

More Definitions of Phantom Stock Option

Phantom Stock Option means a fictional unit equivalent to a share of Kansas City Life Insurance Company Common Stock in which the Participant receives value based on an increase in shareholder value from the date of grant.

Phantom Stock Option means a right to receive from TransCore, in exchange for a designated exercise price, a cash payment based on the Phantom Share Value.

Phantom Stock Option means a right granted to an Eligible Employee to receive, upon exercise thereof, the excess of (A) the Fair Market Value of one share of Stock on the date of exercise over (B) the grant price of the Phantom Stock Option as determined by the Committee, which grant price shall be not less than the Fair Market Value of a share of Stock on the date of grant of such Phantom Stock Option. A Phantom Stock Option may sometimes be referred to as a Stock Appreciation Right or SAR.

Phantom Stock Option means a right granted to a Participant under Section 6(b).