Arch Phantom Units definition

Arch Phantom Units means phantom shares of the CEOP's Arch Common Stock Fund credited under the SCEOP.
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Arch Phantom Units means phantom units of the CEOP's Arch Common Stock Fund credited under the SCEOP, such units deemed to consist of both Arch Common Stock and cash.
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Arch Phantom Units means phantom units of the CEOP's Arch Common Stock Fund credited on and after February 8, 1999, under the SCEOP, such units deemed to consist of both the Common Stock of Arch Chemicals, Inc. ("Arch") and cash.
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Examples of Arch Phantom Units in a sentence

  • For purposes of calculating the number of Arch Phantom Units to be credited to an Arch Participant's SCEOP Account as a result crediting Dividend Equivalents or contributions, the SCEOP shall use the Current Market Value for valuing units in the Arch Common Stock Fund as defined under the CEOP.

  • In the case of a spin-off, split-up, issuance of an extraordinary stock dividend, or similar transaction, such adjustment, in the Committee's discretion, may result in creation of phantom shares in a separate phantom stock fund, reinvestment of such phantom shares in Arch Phantom Units, and the like.

  • For each Plan Year during which a person is a SCEOP Participant and making deferrals, the Company (or other Participating Employer) will credit to the SCEOP Account of each SCEOP Participant the number of Arch Phantom Units equal in value to the sum of (1) the SCEOP Participant Contribution, plus (2) the Excess Company Matching Contribution, plus (3) the Excess Performance Contribution, if any.

  • Each Eligible Employee who, immediately prior to the Distribution Date, was a participant in the Olin SCEOP shall be credited with an opening Account Balance under this Plan equal to the same number of Arch Phantom Units, Olin Phantom Units and Primex Phantom Units (if any) as were credited to his account under the terms of the Olin SCEOP as of the Distribution Date.

  • SCEOP Participants may either retain their Olin and/or Primex Phantom Units or may have their entire Olin and/or Primex Phantom Unit Account Balance(s) deemed transferred at the then Current Market Value and reinvested in Arch Phantom Units at the then Current Market Value.

  • For purposes of valuing Arch Phantom Units under this Plan, the SCEOP shall use the Current Market Value for valuing shares in Arch Common Stock Fund as defined in the CEOP.

  • Any Eligible Employee whose employment is transferred to Arch after its spin-off from Olin, but before February 8, 2000, shall have his or her Olin SCEOP account balances transferred to this Plan and his or her opening Account Balance shall be determined based upon the number of Olin Phantom Units, Primex Phantom Units, and Arch Phantom Units credited to his Olin SCEOP account as of the date he becomes employed by Arch.

  • SCEOP Participants may either retain their Olin Phantom Units or may have their entire Olin Phantom Unit Account Balance deemed transferred at the then Current Market Value and reinvested in Arch Phantom Units at the then Current Market Value.

  • Once Arch Phantom Units are deemed transferred and reinvested, a Participant may not re-direct investment back into Arch Phantom Units.

  • On and after January 30, 2003, the Plan Administrator is authorized to establish a program and procedures whereby each Participant may direct the nominal investment of the portion of his or her SCEOP Account that is attributable to SCEOP Participant Contributions in hypothetical investment units (i.e., other than Phantom Stock Units); provided, however, that Arch Phantom Units will continue to be one of the hypothetical investments that are made available for this purpose.

Related to Arch Phantom Units

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

  • 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.

  • 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.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

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

  • Performance Units means an Award which may be earned in whole or in part upon 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.

  • 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.

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”

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

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

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

  • 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.

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

  • 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;

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

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • 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 Unit Award means an award of Performance Units under this Plan.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Restricted Share Award means an award of Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(a).

  • DSUs means the outstanding deferred share units issued under the DSU Plan.

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

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

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.