Phantom Stock Payment definition

Phantom Stock Payment means the amount necessary to discharge and terminate all obligations pursuant to the Phantom Stock Plan.
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Phantom Stock Payment means an amount paid to an Employee upon vesting of a Phantom Stock Award.
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Phantom Stock Payment shall have the meaning ascribed thereto in the Warrant.
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Examples of Phantom Stock Payment in a sentence

  • The Annual Bonus, SAR Payment and Phantom Stock Payment portions of the Annual Deferral Amount shall be withheld at the time the Annual Bonus, SAR Payments and/or Phantom Stock Payments are or otherwise would be paid to the Participant, whether or not this occurs during the Plan Year itself.

  • For each Plan Year in which an Annual Deferral Amount is being withheld from a Participant, the Participant’s Employer(s) shall withhold from that portion of the Participant’s Annual Base Salary, Annual Bonus, SAR Payment and Phantom Stock Payment that is not being deferred, in a manner determined by the Employer, the Participant’s share of FICA and other employment taxes on such Annual Deferral Amount.

  • The elected deferral percentage for Phantom Stock Awards shall apply solely to the Phantom Stock Payment for which the deferral election has been made.

  • For each Plan Year, the Annual Director’s Fees and SAR or Phantom Stock Payment portions of the Annual Deferral Amount shall be withheld at the time the Annual Director’s Fees and/or SAR or Phantom Stock Payments are or otherwise would be paid to the Participant, whether or not this occurs during the Plan Year itself.

  • Employee Smith's Phantom Stock Payment at retirement is $42,250 computed as follows: PLAN YEAR OF AWARD 1996 1997 1998 1999 2000 ------------------ ------- ------- ------- ------ ----- Units Awarded...........................

  • The Phantom Stock Payment shall be in an amount equal to the product of (i) the number of Phantom Stock Shares, MULTIPLIED BY (ii) the Option Spread.

  • For each Plan Year in which an Annual Deferral Amount is being withheld from a Participant, the Participant's Employer(s) shall withhold from that portion of the Participant's Annual Base Salary, Annual Bonus, SAR Payment and Phantom Stock Payment that is not being deferred, in a manner determined by the Employer, the Participant's share of FICA and other employment taxes on such Annual Deferral Amount.

  • A Participant who is determined by the Committee to be suffering from a Disability shall be excused from fulfilling that portion of the Annual Deferral Amount commitment that would otherwise have been withheld from a Participant's Annual Base Salary, Annual Bonus, SAR Payment and/or Phantom Stock Payment for the Plan Year during which the Participant first suffers a Disability.

  • Other than the payment of the Phantom Stock Payment to the extent permitted by SUBSECTION 8.20, the Borrower shall not, and shall not permit any Subsidiary to, redeem, prepay, repurchase or acquire any capital Stock of the Borrower of any description for consideration or otherwise.

  • The deferred compensation that Executive may receive pursuant to the first Phantom Stock Payment (the “First Phantom Stock Payment”) will be equal to the product obtained by multiplying Thirteen Thousand Six Hundred and Thirteen (13,613) Shares by the closing price of a Share on the second anniversary of the Effective Date of this Agreement.


More Definitions of Phantom Stock Payment

Phantom Stock Payment means an amount paid to a Member upon the surrender of a Phantom Stock Award under the Alion Science and Technology Board of Directors Phantom Stock Plan, as amended from time to time.
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Phantom Stock Payment means the aggregate amount that shall become payable to the Phantom Stockholders as a result of the transactions contemplated in this Agreement.
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Phantom Stock Payment shall have the meaning ascribed in the BIB Warrant.
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Phantom Stock Payment means an amount paid to a Member upon the surrender of a Phantom Stock Award under the Alion Science and Technology Board of Directors Phantom Stock Plan.
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Related to Phantom Stock Payment

  • Stock Payment means (a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Dividend Equivalent Rights means certain rights to receive cash payments as described in Section 3.5.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Stock-Based Award means any Award, denominated in Shares, made pursuant to this Plan, including Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Deferred Stock Units, Performance Awards or Other Stock-Based Awards.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).