Examples of Phantom Unit Plan in a sentence
The Award Agreement by and between the Executive and AB Acquisition LLC, entered into as of March 5, 2015, under the AB Acquisition LLC Phantom Unit Plan, shall remain in full force and effect upon the Effective Date.
On March 11, 2013 Euromax introduced a Deferred Phantom Unit Plan (the “DPU Plan”) for its directors and key management personnel.
In 2013 Euromax introduced a Deferred Phantom Unit Plan (“DPU Plan”) for its directors and key management personnel.
The Award Agreement by and between you and AB Acquisition, entered into as of March 5, 2015, under the AB Acquisition LLC Phantom Unit Plan, will remain in full force and effect upon the Effective Date; provided, that upon the consummation of the IPO, all outstanding phantom units thereunder will automatically be converted to restricted stock units that will be settled upon vesting in shares of the common stock of the Company.
Based upon the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that, when the Shares are issued upon the exchange of Class P Units in accordance with the OpCo Agreement or upon the settlement of Phantom Units in accordance with the Phantom Unit Plan, as applicable, the Shares will be validly issued, fully paid and nonassessable.