Examples of Phantom Unit Plan in a sentence
In order for the eligible directors to receive the phantom units issued under the Phantom Unit Plan (the ‘‘Phantom Units’’), they need to complete a participation form prior to the commencement of each fee period (i.e. twelve-month period commencing January 1 and ending on December 31).
In 2013 Euromax introduced a Deferred Phantom Unit Plan (“DPU Plan”) for its directors and key management personnel.
Under the terms of the Phantom Unit Plan, the Company calculates the Phantom Units dividing the Phantom Fee by the weighted average-trading price of the Company’s common shares for the five days preceding each quarter end multiplied by the number of Phantom Units awarded during the quarter.
This figure excludes cash-settled DSUs issued under the Phantom Unit Plan.
On March 11, 2013 Euromax introduced a Deferred Phantom Unit Plan (the “DPU Plan”) for its directors and key management personnel.