Examples of Phantom Performance Unit in a sentence
No consideration shall be delivered or deliverable pursuant to any Phantom Performance Unit Agreement.
Upon the forfeiture or vesting of the underlying Phantom Performance Unit, the associated DER will automatically expire and no further payments shall be made with respect to such DER, except with respect to amounts not yet paid with respect to distributions on Units made prior to the date of such forfeiture or vesting.
If more than one Phantom Performance Unit vests at the same time, the Partnership may pay such vested Phantom Performance Units in any combination of Units and cash as the Committee, in its discretion, elects.
A Phantom Performance Unit represents a notional Unit granted under the Plan which upon vesting entitles you to receive a Unit, an amount of cash equal to the Fair Market Value of a Unit, or a combination of cash and Units, as determined by the Committee (as defined in the Plan) in its sole discretion.
It will be necessary to provide appropriate replacement planting to preserve the character of the park.
This Award includes tandem Distribution Equivalent Rights (“DERs”), which entitle the Participant to receive, with respect to each Phantom Performance Unit, so long as the underlying Phantom Performance Unit has not either vested or been forfeited.
If the grant, vesting or payment of a Phantom Performance Unit or DERs results in the receipt of compensation by you with respect to which the General Partner or an Affiliate has a tax withholding obligation pursuant to applicable law, the General Partner or an Affiliate shall withhold (or net) such cash and number of unrestricted Units otherwise payable to you as the General Partner or an Affiliate requires to meet its tax minimum statutory withholding obligations under such applicable laws.
Prior to December 20, 2006, the Company had a Phantom Performance Unit Plan (the “Phantom Plan”) to provide certain key employees the ability to share in the growth in the value of the Company.
The pro forma effect on net income for the years ended December 31, 1999, 1998 and 1997, were as follows: 1999 1998 1997 NET INCOME as reported$25,569 Equity Compensation PlansThe Company had a Phantom Performance Unit Plan which provided for the grant of performance units to all employees of the Company with at least one year of service, other than officers, who had no minimum service period.
Rufibach LE, Duncan SA, Battle M, Deeb SS (2006) Transcriptional regulation of the human hepatic lipase (LIPC) gene promoter.