Phantom Plan Sample Clauses

Phantom Plan. 16 Plan........................................................................................7
Sample 1Sample 2
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Phantom Plan. The Employee has received under the Safariland Group 2021 Phantom Restricted Share Plan (the “Phantom Plan”) a Phantom Share Award Agreement, dated March 18, 2021, for 5,220 Phantom Shares, which will continue to remain outstanding and be subject to the vesting and other terms as set forth in the Phantom Plan and related Award Agreement.
Sample 1
Phantom Plan. Prior to the Closing (but, in any event, no later than two days prior to the satisfaction of the conditions to the obligations of the parties set forth in Article VII (other than Section 7.1(b) and such other conditions as may, by their terms, only be satisfied at the Closing or on the Closing Date)), the Seller shall cause the Company to establish a phantom equity plan, in form and substance satisfactory to the Buyer (the “Phantom Plan”), which shall provide for awards to certain employees of the Company (the “Phantom Plan Participants”) with an aggregate value equal to $2,000,000. The Phantom Plan Participants and their respective grants under the Phantom Plan shall be mutually agreed between the Buyer and the Seller prior to the Closing. Within 20 days of the third anniversary of the Closing, the Buyer shall issue to the Owners in accordance with Section 2.7(b) an aggregate number of shares of the Parent Common Stock equal to the number of shares of Parent Common Stock that are forfeited by the Phantom Plan Participants under the terms of the Phantom Plan on or prior to the third anniversary of the Closing Date (such amount, the “Contingent Issuance”).
Sample 1
Phantom Plan. The Phantom Plan shall have been established and grants under the Phantom Plan shall have been made to the Phantom Plan Participants, in each case, as mutually agreed between the Buyer and the Seller.
Sample 1
Phantom Plan. Parent shall cause TRLIC to make all payments due under the Phantom Plan no later than the second payroll date following the Closing Date. The Company shall, prior to the Closing, adopt resolutions to provide for the termination of the Phantom Plan effective as of the Closing Date, subject to Parent’s making such payments.
Sample 1

Related to Phantom Plan

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Stock Units The Company may grant to Executive performance stock units (“PSUs”) pursuant to the Incentive Plan. All PSUs are subject to and conditioned on approval of the grant and its terms by the Board. All granted PSUs shall vest as provided in the applicable PSU grant notice and grant agreement (“PSU Agreement”). All PSUs shall be subject to the terms and conditions of the Incentive Plan and a PSU Agreement in a form prescribed by the Company, which Executive must sign as a condition to receiving the PSUs.

  • Award of Performance Stock Units The Company hereby grants to you, effective as of the Grant Date, an Award of Performance Stock Units for that number of Performance Stock Units communicated to you and set forth in the Company’s records (the “PSUs”), on the terms and conditions set forth in such communication, this Agreement and the Plan. Each PSU represents the right to receive one share of Stock, subject to the terms and conditions set forth herein.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee.

  • RESTRICTED STOCK UNITS AWARD The Compensation and Management Development Committee of the Board of Directors of Xxxxxxx-Xxxxx Squibb Company (the “Committee”) has granted to you as of the Award Date an Award of RSUs as designated herein subject to the terms, conditions, and restrictions set forth in this Agreement and the Plan. Each RSU shall represent the conditional right to receive, upon settlement of the RSU, one share of Xxxxxxx-Xxxxx Squibb Common Stock (“Common Stock”) or, at the discretion of the Company, the cash equivalent thereof (subject to any tax withholding as described in Section 4). The purpose of such Award is to motivate and retain you as an employee of the Company or a subsidiary of the Company, to encourage you to continue to give your best efforts for the Company’s future success, and to increase your proprietary interest in the Company. Except as may be required by law, you are not required to make any payment (other than payments for taxes pursuant to Section 4 hereof) or provide any consideration other than the rendering of future services to the Company or a subsidiary of the Company.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

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