Common use of Phantom Stock Clause in Contracts

Phantom Stock. Subject to the conditions and restrictions set forth below and in the Plan, the Company hereby grants to the Participant as of the Date of Grant, an Award of shares of Phantom Stock (the “Phantom Shares”). The Phantom Shares awarded hereunder shall be comprised of: (a) Stock-Settled Phantom Shares, (i) of which shall be Stock-Settled Financial Performance Phantom Shares, and (ii) the remaining of which shall be Stock-Settled Available Days Phantom Shares, and (b) Cash-Settled Phantom Shares, (i) of which shall be Cash-Settled Financial Performance Phantom Shares, and (ii) the remaining of which shall be Cash-Settled Available Days Phantom Shares.