Common use of Participant for whom Clause in Contracts

Participant for whom. Phantom Stock has been credited generally shall have none of the rights of a shareholder with respect to such Phantom Stock. However, a plan or Agreement for the use of Phantom Stock may provide for the crediting of a Participant's Phantom Stock account with cash or stock dividends declared with respect to Common Stock represented by such Phantom Stock.

Appears in 2 contracts

Samples: Lawyers Title Corp, Universal Corp /Va/

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Participant for whom. Phantom Stock has been credited generally shall have none of the rights of a shareholder with respect to such Phantom Stock. However, a plan or Agreement agreement for the use of Phantom Stock may provide for the crediting of a Participant's Phantom Stock account with cash or stock dividends declared with respect to Common Stock represented by such Phantom Stock.

Appears in 2 contracts

Samples: Southern Community Financial Corp., Eagle Financial Services Inc

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Participant for whom. Phantom Stock has been credited generally shall have none of the rights of a shareholder with respect to such Phantom Stock. However, a plan or an Agreement for the use of Phantom Stock may provide for the crediting of a Participant's ’s Phantom Stock account with cash or stock dividends declared with respect to Common Stock represented by such Phantom Stock.

Appears in 1 contract

Samples: Hilb Rogal & Hamilton Co /Va/

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