Examples of Phantom Stock Plans in a sentence
Phantom Stock Plans - typically are NQDC arrangements (as opposed to stock arrangements).
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: AN ACT TO EXTEND LOCAL VOTING RIGHTS TO ALL ADULT RESIDENTS OF THE TOWN OF WINCHESTER: SECTION 1.
There are an aggregate of 173,913 Rights (as such term is defined in the Phantom Stock Plans) issued and outstanding under the Phantom Stock Plans, each of which Rights has an Initial Value (as such term is defined in the Phantom Stock Plans) of $69.00.
Schedule 3.07(c)—Stock Appreciation Rights, Phantom Stock Plans or Similar Plans None [***] = CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
The Representative shall not be personally liable as the Representative to any Party of Interest or any participant in the Phantom Stock Plans for any act done or omitted hereunder as Representative while acting in good faith and in the exercise of reasonable judgment.
All perquisites, except amount received by the employees on cancellation/settlement of EPSP plan during the previous year, which has not been included above, in accordance with approved Employee Phantom Stock Plans, have been computed in accordance with Income Tax Act, 1961.
Notwithstanding the provisions of Section 5(b)(iii) and Section 5(b)(iv) herein, in the event that the Administrator determines that any or all phantom stock awards granted under the Prior Phantom Stock Plans shall be settled in shares of Common Stock under the Plan, such awards shall not be subject to the limitations stated in Section 5(b)(iii) or Section 5(b)(iv) herein to the extent such Prior Phantom Stock Plan awards were outstanding on the Effective Date.
In the Administrator’s discretion, shares of Common Stock authorized under the Plan may be issued to settle phantom stock awards granted under the Prior Phantom Stock Plans in the event that the Administrator determines that such awards shall be settled in whole or in part in shares of Common Stock, rather than settlement solely in cash.
Adoption of this method would also correct for an- other mistake made by Barnes Wendling in assuming the Phantom Stock Plans were 6% and 10% of the total equity minus the preferred equity for Trachte and Alli- ance employees respectively.
Phantom Stock Plans • A phantom stock plan is a unit that corresponds to common stock but carries no ownership claims.