Phantom Stock Units. All compensation deferred pursuant to a Deferral Election shall be credited to the Participant's Deferral Account and shall be deemed to be invested in Phantom Stock Units ("Units"). (a) Each Unit credited to Participant's Deferral account in accordance with the Plan shall be valued at $1.00 per Unit.
Appears in 3 contracts
Sources: Phantom Stock Unit Agreement (Clientlogic Corp), Phantom Stock Unit Agreement (Clientlogic Corp), Phantom Stock Unit Agreement (Clientlogic Corp)