Phantom Equity Plan Sample Clauses

Phantom Equity Plan. An executed agreement in substantially the form set forth as Exhibit E hereto from each holder of phantom equity in the Company, to the effect that upon receipt of the consideration set forth therein, the holder shall have no further rights or claims with respect to phantom equity held by him.
Sample 1Sample 2
AutoNDA by SimpleDocs
Phantom Equity Plan. (a) WPC and Xxxxxxx hereby represent and warrant to Alliant Energy and Resources that the Xxxxxxx Petroleum Corporation Phantom Equity Plan (the "Phantom Plan") has been amended effective prior to the date hereof to provide that any and all issuances of stock pursuant to the Phantom Plan shall be made with shares of WPC Common Stock.
Sample 1Sample 2
Phantom Equity Plan. As of immediately prior to the Effective Time, subject to the consummation of the Merger and without any action on the part of Acquiror, Merger Sub, the Company or the Company Holders, upon the terms and subject to the conditions set forth in this Section 1.9(a)(iii) and throughout this Agreement, including the holdback provisions set forth herein, each Plan Participant shall have right to receive, upon execution and delivery of such Plan Participant’s Plan Award Agreement with respect to any Plan Award made to any Plan Participant pursuant to the Phantom Equity Plan, in substantially the form attached hereto as Exhibit J (a “Plan Award Agreement”), an amount in cash equal to such Plan Participant’s Plan Award. Acquiror shall not assume any obligations under the Phantom Equity Plan, and no Plan Award shall be deemed to be outstanding or to have any rights other than those set forth in this Section 1.9(a)(iii) after the Effective Time. The aggregate amount of cash payable with respect to all Plan Participants for all Plan Awards pursuant to the Phantom Equity Plan under this Section 1.9(a)(iii) is referred to as the “Plan Consideration.”
Sample 1
Phantom Equity Plan. Neither Company nor Buyer has any liability pursuant to that certain United Engines Holding Company, LLC Phantom Equity Plan (the “Phantom Equity Plan”).
Sample 1
Phantom Equity Plan. The Company expects to adopt, effective on or about January 1, 1998, an equity incentive plan or program (the "Equity Plan") for certain of its key executives. The Executive shall be entitled to participate in the Equity Plan from and after the effective date thereof, in accordance with the terms and conditions of such plan. Without limiting the generality of the foregoing, upon the implementation of the Equity Plan, the Executive shall be entitled to elect, on or before July 1, 1998, either (i) to receive an award under such Equity Plan or (ii) to receive a cash bonus
Sample 1
Phantom Equity Plan. Anything to the contrary herein notwithstanding, all amounts payable hereunder to Consideration Recipients in respect of Phantom Equity Awards shall be deposited with the Company or Buyer, as the case may be, which amount shall be paid by the Company or Buyer to such holders of Phantom Equity Awards promptly, and in any event, within ten (10) Business Days, following such deposit utilizing the payroll system of the Company or Buyer and after applicable tax withholding by Buyer, as applicable.
Sample 1
Phantom Equity Plan. (a) At the SME Effective Time, each award of Phantom Equity Units that is outstanding immediately prior to the SME Effective Time shall vest in full and shall be terminated and canceled and converted into the right to receive an amount in cash equal to the product obtained by multiplying (i) the number of Phantom Equity Units subject to such award immediately prior to the SME Effective Time, and (ii) the Fair Market Value (as defined in the Phantom Equity Plan) of a Company Common Membership Interest as of immediately prior to the SME Effective Time (the “Phantom Equity Consideration”). The Company shall pay the Phantom Equity Consideration, less any applicable withholding pursuant to Section 2.2(h), to each former holder of a canceled Phantom Equity Unit at or promptly following the SME Effective Time (but in no event more than ten (10) business days following the SME Effective Time). The payment of the Phantom Equity Consideration pursuant to this Section 2.9(a) shall be in full satisfaction of all rights and privileges pertaining to the canceled Phantom Equity Units, and on and after the SME Effective Time, each holder of a Phantom Equity Unit shall have no further rights with respect to any Phantom Equity Unit, other than the right to receive the Phantom Equity Consideration as provided in this Section 2.9(a).
Sample 1
AutoNDA by SimpleDocs
Phantom Equity Plan. The Company expects to adopt, effective on or about January 1, 1998, an equity incentive plan or program (the "Equity Plan") for certain of its key executives. The Executive shall be entitled to participate in the Equity Plan from and after the effective date thereof, in accordance with the terms and conditions of such plan. Without limiting the generality of the foregoing, upon the implementation of the Equity Plan, the Executive shall be entitled to elect, on or before July 1, 1998, either (i) to receive an award under such Equity Plan or (ii) to receive a cash bonus ("Alternative Bonus") equal to one and one-half (1-1/2) times the Executive's Annual Base Salary. The Alternative Bonus
Sample 1
Phantom Equity Plan. This Agreement shall not in any way limit or reduce the obligations of the Company with respect to the Executive and/or the Executive’s rights with respect to the Company set forth in the Equity Plan further described herein. All severance, compensation payments and bonuses and benefits described herein are in addition to and not in lieu of any other benefits or termination conditions to which the Executive may be entitled under the Equity Plan.
Sample 1

Related to Phantom Equity Plan

  • Equity Plan In the event the Company adopts an equity incentive plan or program (the "Equity Plan") for its key executives, the Executive shall be entitled to participate in the Equity Plan from and after the effective date thereof in accordance with the terms and conditions of such plan.

  • Equity Plans Executive shall be entitled to participate in any equity or other employee benefit plan that is generally available to senior executive officers, as distinguished from general management, of the Company. Except as otherwise provided in this Agreement, Executive’s participation in and benefits under any such plan shall be on the terms and subject to the conditions specified in the governing document of the particular plan.

  • Equity Awards You will be eligible to receive awards of stock options or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or Committee, as applicable, will determine in its sole discretion whether you will be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time.

  • Stock Incentive Plans Nothing in this Agreement shall be construed or applied to preclude or restrain the General Partner from adopting, modifying or terminating stock incentive plans for the benefit of employees, directors or other business associates of the General Partner, the Partnership or any of their Affiliates or from issuing REIT Shares, Capital Shares or New Securities pursuant to any such plans. The General Partner may implement such plans and any actions taken under such plans (such as the grant or exercise of options to acquire REIT Shares, or the issuance of restricted REIT Shares), whether taken with respect to or by an employee or other service provider of the General Partner, the Partnership or its Subsidiaries, in a manner determined by the General Partner, which may be set forth in plan implementation guidelines that the General Partner may establish or amend from time to time. The Partners acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by the General Partner, amendments to this Agreement may become necessary or advisable and that any approval or Consent to any such amendments requested by the General Partner shall be deemed granted by the Limited Partners. The Partnership is expressly authorized to issue Partnership Units (i) in accordance with the terms of any such stock incentive plans, or (ii) in an amount equal to the number of REIT Shares, Capital Shares or New Securities issued pursuant to any such stock incentive plans, without any further act, approval or vote of any Partner or any other Persons.

  • Annual Equity Awards Following the first anniversary of the Effective Date, Executive will be granted annual equity awards in an amount determined by the Board. Such awards may be in the form of options, restricted stock units, performance shares, or any other form as approved by the Board.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Annual Equity Award With respect to each Company fiscal year commencing during the Term, the Executive shall be eligible to receive an annual equity compensation award (each such award, an “Annual Equity Award”). The form and terms and conditions of each Annual Equity Award shall be determined by the Board (or the Compensation Committee of the Board) in its discretion and shall be set forth in one or more written award agreements between the Company and the Executive.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Stock Incentive Plan Executive shall be eligible for awards under the Employer’s Stock Incentive Plan. The type, timing and size of awards will be at the discretion of the Board of Directors.

Time is Money Join Law Insider Premium to draft better contracts faster.