Phantom Award definition

Phantom Award means a conditional right granted under the Plan to receive a cash sum linked to the value of a number of notional Shares;

Phantom Award means a conditional right granted under the Plan to receive a cash sum in the future that is linked to the Market Value of a number of notional Shares or ADSs;

Phantom Award means an award issued prior to the Effective Date by the Company pursuant to a stock appreciation right agreement or a phantom stock appreciation right agreement.

Examples of Phantom Award in a sentence

• When the Committee grants an Award, it shall decide whether the Award will take the form of an Option, a Restricted Share Award, a Conditional Award or a Phantom Award.

• A Phantom Award will not confer any right to receive Shares or any interest in Shares.

• Phantom Award Incentive Plan Compensation expense for this cash settled plan of $0.6 million has been recorded as general and administration expense during the three month period ended March 31, 2010 (2009 - $0.2 million).

• In the case of a Phantom Award, the cash sum will be equal to the aggregate Market Value of the notional Shares which have Vested.

• An Award, other than a Phantom Award, may be satisfied by the issue of Shares, the transfer of Shares from treasury, or by the transfer of Shares purchased on the market including from an employee benefit trust.

More Definitions of Phantom Award

Phantom Award means a Phantom Conditional Award or a Phantom Option;

Phantom Award means an Award under which the Participant has no right to acquire Stock and which will always be satisfied in cash in accordance with rule ‎9.4;

Phantom Award means an Award of a Phantom Conditional Share Award or a Phantom Option;

Phantom Award means a right granted in respect of notional Shares which provide a right to receive a cash sum linked to the value of such notional Shares;

Phantom Award means a right to receive an Award Percentage of the Distributions.

Phantom Award means a conditional right to receive an amount of cash equal to the value of a specified number of Shares, granted under rule 3;

Phantom Award means an Award granted under schedule 1;