Phantom Unitholder definition

Phantom Unitholder means a holder of a Company Phantom Unit.
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Phantom Unitholder has the meaning set forth in Section 6.5.
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Phantom Unitholder is defined in Section 1.3(d)(v).
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Examples of Phantom Unitholder in a sentence

  • Except for any claim or cause of action arising under or related to any Support Agreement, Letter of Transmittal, Phantom Unitholder Acknowledgement or documentation delivered in connection with payment of Merger Related Consideration through DTC, any claim or cause of action based upon, arising out of, or related to this Agreement may only be brought against Persons that are expressly named as Parties, and then only with respect to the specific obligations set forth herein.

  • Except for any claim or cause of action arising under or related to any Support Agreement, Letter of Transmittal, Phantom Unitholder Acknowledgement or documentation delivered in connection with payment of Merger Consideration through DTC, any claim or cause of action based upon, arising out of, or related to this Agreement may only be brought against Persons that are expressly named as Parties, and then only with respect to the specific obligations set forth herein.

  • The amounts payable to Phantom Unitholders pursuant to and as set forth in the Phantom Unit Payment Consideration Schedule have been calculated in accordance with the Phantom Unit Incentive Plan, the applicable Incentive Plan Award Agreement granting Phantom Units to each such Phantom Unitholder, the Articles of Organization and LLC Agreement of the Company, all applicable Laws and any other agreements or instruments evidencing the Phantom Units.

  • All cash paid in accordance with the terms of the Incentive Plan Award Agreement granting Phantom Units to such Phantom Unitholder shall be deemed to have been paid in full satisfaction of all rights pertaining to Phantom Units.

  • As a condition to the receipt of the Phantom Unit Consideration, each holder of Unvested Phantom Units will be required to execute and deliver the Phantom Unitholder Acknowledgement on or within five Business Days of the vesting of such Unvested Phantom Unit.

  • Each Phantom Unitholder and SAR Holder holds that certain number of Company Phantom Units and Stock Appreciation Rights set forth on Schedule I opposite his name free and clear of all Liens and not subject to any adverse claims.

  • At the Closing, all Phantom Units shall cease to exist, and the Phantom Unitholders shall have no rights as holders of Phantom Units, other than to receive their respective Phantom Unit Payment Amount payable pursuant to the applicable Incentive Plan Award Agreement granting Phantom Units to such Phantom Unitholder entered into by and between the Company and each such Phantom Unitholder.

Related to Phantom Unitholder

  • Phantom Unit means a notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

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

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

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Share Award means an Award of Shares granted pursuant to Section 10.

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

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

  • Restricted Share Award means an award of Restricted Shares.

  • 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;

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • 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;

  • Restricted Units has the meaning set forth in the recitals to this Award Agreement.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • 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 Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Restricted Unit means a Unit granted under the Plan that is subject to a Restricted Period.

  • RSUs means restricted stock units.

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

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • Performance Unit Agreement means a written agreement between the Company and a Holder with respect to a Performance Unit Award.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.