Performance Phantom Stock definition

Performance Phantom Stock means a right granted by the Committee pursuant to Section 4(a) to receive the value (as determined pursuant to the Plan) of a share of Common Stock, to the extent such share of Performance Phantom Stock is earned and vested pursuant to the terms of the Plan, as of a specified date or as of the date of occurrence of a specified event with none of the attendant rights of a shareholder of such shares except to the extent otherwise provided herein.
Sample 1

Examples of Performance Phantom Stock in a sentence

  • Performance Phantom Stock granted under the Performance Stock Plan.

  • DATED: SIGNED: PARTICIPANT Address: Signature Page to Performance Phantom Stock Agreement Schedule I Performance Condition for the Performance Period The number of Target Phantom Shares that vest (if any) shall be determined by the level of achievement of certain performance measures for each of the Measurement Periods (as defined below) during the 3-year period commencing January 1, 2018 and ending December 31, 2020 (the “Performance Period”).

  • The figure provided for each year represents the grant date fair value, in dollars, of (a) the target share amounts contained in any Performance Awards granted during that year under the 2011 Incentive Plan or 2017 Incentive Plan, (b) all Restricted Stock Units granted in that year under the Company's Restricted Stock Unit Plan, and (c) all Performance Phantom Stock granted in that year under the Company's Performance Stock Plan.

  • Performance Phantom Stock granted under the Performance Phantom Stock Plan prior to 2019.

  • The figure provided for each year represents the grant date fair value, in dollars, of (a) the target share amounts contained in any Performance Awards granted during that year under the 2017 Incentive Plan, (b) all Restricted Stock Units granted in that year under the Company’s Restricted Stock Unit Plan, and (c) all Performance Phantom Stock granted in that year under the Company’s Performance Stock Plan.

  • Any purported pledge, hypothecation, sale, assignment or other disposition, encumbrance or transfer of a Performance Phantom Stock and any levy of any execution, attachment or similar process upon a Performance Phantom Stock, in whole or in part, shall be null and void and without effect.

  • In January 2015, approximately ten months prior to his termination, Breuder wrote a letter to the Board expressing his intent to retire in March 2016.

  • If a Participant’s Final Award is determined by the Committee to be zero, no Performance Phantom Stock will be allocated to his or her Performance Phantom Stock Account and the Participant shall have no further rights under his or her Award Agreement in respect of such Performance Period.

  • The award of any Performance Phantom Stock shall be evidenced by a written agreement (the “Award Agreement”) executed by the Company and the Participant in accordance with its terms, stating the Target Award, Performance Period, Performance Measure(s) and Performance Target(s) and such other terms and conditions of the award as the Committee may from time to time determine.

  • No Performance Phantom Stock shall be assignable or transferable by a Participant, and no other person shall acquire any rights therein other than by will, the laws of descent and distribution, or pursuant to the designation of a Beneficiary pursuant to Section 11(f).

Related to Performance Phantom Stock

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • 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;

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

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

  • 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 Stock means a Target Number of Shares granted pursuant to Section 10(a) of the Plan.

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

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

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

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • 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.

  • Performance Award means any right granted under Section 6(d) of the Plan.

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

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

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

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

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

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

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

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

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.