Phantom Stock Plans definition
Examples of Phantom Stock Plans in a sentence
All Tax deductions relating to the payment of all amounts payable under the Phantom Stock Plans and any employee bonus or other compensation plan (collectively, the "Bonus Plans") to the extent accrued on the finally determined Closing Balance Sheet shall be reflected on the Form 1120S for the period ending on the Closing Date.
The Representative shall not be personally liable as the Representative to any Party of Interest or any participant in the Phantom Stock Plans for any act done or omitted hereunder as Representative while acting in good faith and in the exercise of reasonable judgment.
If any subsequent adjustment made by any taxing authority to the Taxes payable as a result of the Section 338(h)(10) Election increases the Taxes payable by the Sellers as a result of the 338(h)(10) Election, other than any adjustment to the amount of the aggregate payments by the Company under the Phantom Stock Plans which is deductible, the Purchaser shall pay an amount to the Sellers to compensate for such increase within 30 days of written demand by the Sellers Representative.
None of Parent, Merger Sub, their respective Affiliates (including, without limitation, after the Effective Time, the Surviving Corporation) or the Escrow Agent shall be liable to any Party of Interest or participant in any of the Phantom Stock Plans for any actions taken or omitted by them in good faith in reliance upon any instructions, notice or other instruments delivered by the Representative.
All (i) Phantom Stock Plans and (ii) agreements between the Company and its Affiliates (other than its Subsidiaries), other than agreements listed on Schedule 6.14, shall be terminated as of the Closing, and all obligations and liabilities thereunder shall have been satisfied.