Olin Phantom Units definition

Olin Phantom Units means phantom shares of the CEOP’s Olin Common Stock Fund credited under the SCEOP.
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Olin Phantom Units means phantom units of the CEOP's Olin Common Stock Fund credited under the SCEOP, such units deemed to consist of both Olin Stock and cash.
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Olin Phantom Units means phantom units of the CEOP's Olin Common Stock Fund held in the SCEOP, such units consisting of both Olin Stock and cash.
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Examples of Olin Phantom Units in a sentence

  • 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.

  • No additional Olin Phantom Units or Primex Phantom Units may be acquired under this Plan, whether through the crediting of Dividend Equivalents, through contributions to the Plan, or through deemed transfers of sub-accounts under the Plan.

  • No new investment, whether in the form of Company or Participant contributions or Dividend Equivalents, shall be permitted in Olin Phantom Units or Primex Phantom Units.

  • For purposes of valuing Olin Phantom Units and Primex Phantom Units under this Plan, the SCEOP shall use the Current Market Value for valuing units in Olin Common Stock Fund and Primex Common Stock Fund, respectively, as defined in the CEOP.

  • Except as provided in Section 7.3, upon distribution, the value of Olin Phantom Units shall be equal to the average of the daily closing prices of the Olin common stock on the New York Stock Exchange for the month preceding the distribution.

  • 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 Olin Phantom Units, and the like.

  • 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 and reinvestment of such phantom shares in Olin Phantom Units or such other reinvestment as otherwise determined by the Committee.

  • 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.

  • No additional Olin Phantom Units may be acquired under this Plan, whether through the crediting of Dividend Equivalents, through contributions to the Plan, or through deemed transfers of sub-accounts under the Plan.

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

Related to Olin Phantom Units

  • 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.

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

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

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

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

  • 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 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.

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

  • 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.

  • 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.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

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

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

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

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

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

  • Phantom means a volume of material behaving in a manner similar to tissue with respect to the attenuation and scattering of radiation. This requires that both the atomic number (Z) and the density of the material be similar to that of tissue.

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

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

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

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).