Phantom Stock Award definition

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

Phantom Stock Award means an Award granted under Section 11, entitling a Participant to a payment in cash, shares of Common Stock or a combination of cash and Common Stock (as determined by the Administrator), following the completion of the applicable vesting period and compliance with the terms of the Plan and other terms and conditions established by the Administrator. The unit value of a Phantom Stock Award shall be based on the Fair Market Value of a share of Common Stock.

Phantom Stock Award means an Award granted under Section 10 of the Plan.

Examples of Phantom Stock Award in a sentence

• Cash dividend equivalents may be paid during or after the vesting period with respect to a Phantom Stock Award, as determined by the Committee.

• The Committee shall establish, with respect to and at the time of each Phantom Stock Award, a period over which or the event upon which the Award shall vest with respect to the Holder.

• Following the end of the vesting period for a Phantom Stock Award, the Holder of a Phantom Stock Award shall be entitled to receive payment of an amount, not exceeding the maximum value of the Phantom Stock Award, based on the then vested value of the Award.

• Payment of a Phantom Stock Award may be made in cash, Common Stock, or a combination thereof as determined by the Committee.

• The terms and provisions of the respective Phantom Stock Award Agreements need not be identical.

More Definitions of Phantom Stock Award

Phantom Stock Award means a cash award whose value is determined based on the change in the value of the Company Common Stock from the Effective Date.

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

Phantom Stock Award means the right to receive in cash the Fair Market Value of a share of Common Stock under Article X of the Plan.

Phantom Stock Award means an Award granted in accordance with the provisions of Section 11 hereof, which shall entitle the holder thereof to receive from the Corporation cash or Shares, or a combination of cash and Shares, based upon the Fair Market Value of Shares at the time of the expiration of the vesting period under such Award, subject to the terms and conditions of the Plan.

Phantom Stock Award means an Award granted under Section X.

Phantom Stock Award means an Award granted pursuant to Section 11 of the Plan.

Phantom Stock Award means an award of phantom shares of Common Stock granted to an Eligible Employee under Section 12.