Target Phantom Shares definition

Target Phantom Shares means the number of Phantom Shares specified in Paragraph 1.
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Examples of Target Phantom Shares in a sentence

  • The developments since early April have to be seen in the context of massive policy responses – fiscal, monetary and regulatory – in the EU and elsewhere which aimed to mitigate the economic impact of the COVID-19 pandemic.

  • 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 following chart shows the payout as a percentage of the Target Phantom Shares for the 2018 Measurement Period (as defined below) based on the level of achievement of the Performance Measures during the 2018 Measurement Period.

  • Following the end of each Measurement Period, but in no event later than sixty (60) days following the end of such Measurement Period (each such date, a “Vesting Date”), the level of achievement of each of the Performance Measures for such Measurement Period shall be determined and the results for each Performance Measure shall be weighted 30% (or 10% in the case of Safety (TRIR)) to determine the number of Target Phantom Shares earned (if any) during the Measurement Period.

  • In determining the level of performance achieved and the number of Phantom Shares earned, the Committee will interpolate on a straight-line basis between the points on the above chart and shall have the discretion to adjust the number of Phantom Shares earned upward or downward, but in no event shall more than 200% of the Target Phantom Shares be earned for the entire Performance Period or 40% of the Target Phantom Shares for each Measurement Period.

  • The overall results of each Performance Measure during a Measurement Period shall be weighted 33.33% (or 33.34% for the final Measurement Period during the Performance Period) to determine the number of Target Phantom Shares earned (if any) during the entire Performance Period.

  • DATED: SIGNED: PARTICIPANT Address: Schedule I Performance Condition for the Performance Period The number of Target Phantom Shares that vest (if any) shall be determined by the achievement of the metrics as shown in the chart below during the 5-year period commencing January 1, 2017 and ending December 31, 2021 (the “Performance Period”).

  • Performance Delta (%) Payout as a Percentage of the Target Restricted Stock Units 25% or greater 200 % 20% 180 % 15% 160 % 10% 140 % 5% 120 % 0% 100 % -5% 80 % -10% 60 % -15% 40 % -20% 20 % -25% or greater 0 % Per the chart above, the number of Target Phantom Shares earned (if any) is based on the Performance Delta.

  • Subject to the provisions of Paragraph 3, the number of Phantom Shares that shall vest shall equal the sum of (i) the Target Phantom Shares multiplied by the Downtime Phantom Share Percentage multiplied by the Downtime Vesting Percentage and (ii) the Total Phantom Shares multiplied by the SPP Phantom Share Percentage multiplied by the SPP Vesting Percentage.

  • The number of Target Phantom Shares under this Award shall be 159,555.

Related to Target Phantom Shares

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

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

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

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

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

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

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

  • DSUs means the deferred share units granted under the DSU Plan;

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • 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.

  • RSUs means restricted stock units.

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

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

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

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

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

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • 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;

  • 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.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

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

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the 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.