Phantom Stock Units definition

Phantom Stock Units means the units of Phantom stock credited to the holder of a Phantom Stock Award, each of which units shall be a fictitious share of common stock which is the equivalent of one Share.

Phantom Stock Units means an award under the Long-term Incentive Plan to a Participant of a number of hypothetical share units with respect to shares of Common Stock. See, for example, the definitions of “Career Share Unit,” above, and “Restricted Stock Unit,” below.

Phantom Stock Units means the aggregate number of units of phantom stock issuable pursuant to the terms of the Phantom Stock Agreements."

Examples of Phantom Stock Units in a sentence

• If the Committee shall have permitted Participants to elect to have deferred Awards of Performance Share Units invested in one or more hypothetical investment equivalents other than interest or Phantom Stock Units, such deferred Awards shall be credited with hypothetical investment earnings at such rate, manner and time as the Committee shall determine.

• Nothing contained in the Plan shall prevent the Company or any Parent, Subsidiary or Affiliate from adopting or continuing in effect other compensation arrangements (whether such arrangements be generally applicable or applicable only in specific cases), including without limitation the granting of stock options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights or Phantom Stock Units otherwise than under the Plan.

• The Restricted Period of Restricted Stock and Phantom Stock Units shall commence on the Date of Grant and shall expire from time to time as to that part of the Restricted Stock and Phantom Stock Units indicated in a schedule established by the Committee with respect to the Award.

• Phantom Stock Units shall not constitute or be treated as property or as a trust fund of any kind.

• Phantom Stock Units shall be used solely as a device for the measurement and determination of the amount to be paid on behalf of Grantees as provided in the Plan.

More Definitions of Phantom Stock Units

Phantom Stock Units has the meaning set forth in the Recitals.

Phantom Stock Units means an unfunded and unsecured promise to deliver Shares, cash or other securities equal to the Fair Market Value of one Share in the Company on the date of vesting or settlement, or as otherwise set forth in the Award Agreement.

Phantom Stock Units means phantom stock units issued by Trico exercisable for Trico Common Shares, subject to the terms and conditions of the Phantom Stock Units Agreement.

Phantom Stock Units means the number of Phantom Stock Units equal to the Award Target, calculated by dividing the Award Target amount by the closing price of the Company’s Common Stock, as of the day immediately prior to the date the Award is granted.

Phantom Stock Units means units of Phantom Stock awarded under Article VIII of this Plan.

Phantom Stock Units appearing in Section 1 of the Stock Purchase Agreement is hereby amended to read in its entirety as follows:

Phantom Stock Units means phantom stock units awarded to a Participant under the Corporation's Annual Incentive Plan.