Phantom Equity definition

Phantom Equity means the phantom equity issued by the Company pursuant to the Phantom Equity Agreements.
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Phantom Equity means a hypothetical share of the Stock or hypothetical percentage interest of the Participant’s Employer for purposes of the Plan. Shares or percentage interest of Phantom Equity do not constitute issued and outstanding shares of Stock or percentage interest for any corporate purposes and do not confer on the Participant any voting rights or the right to receive dividends.
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Phantom Equity means the gross amount due to Rune X. Xxxxxxx pursuant to his Contract of Employment with Maschinen GmbH, dated as of May 1, 1992, as amended December 31, 1999. As of December 31, 2005, Phantom Equity was One Million One Hundred Forty-Seven Thousand Euros ((euro)1,147,000) or One Million Three Hundred Fifty-Eight Thousand Dollars ($1,358,000).
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Examples of Phantom Equity in a sentence

  • Represents the impact of the change in value and vesting of phantom equity units pursuant to the Pilot Phantom Equity Plan.

  • The LBO also triggered enormous “change of control” severance payments (the “Executive Transition Payments,” and together with the Phantom Equity Payments and Success Bonus Payments, collectively, the “Insider Payments”) for officers let go after the LBO that were equal to three times the employee’s highest annual salary during the past three years and six times the employee’s target bonus for the current year.

  • The Phantom Equity Payments and Success Bonus Payments were not the only financial incentives pushing the Officers toward facilitating and recommending the LBO.

  • Based on these assumptions, the fair value with regards to all granted Phantom Equity units as of the grant date is $435 thousand.

  • Officers Amsden, Bigelow, FitzSimons, Grenesko, Kazan, Kenney, Leach, and Mallory, among others, all received Success Bonus Payments and/or Phantom Equity Payments.

  • Defendant Bridgewater established its Bridgewater Associates, LP Phantom Equity Incentive Award Plan (the “Plan,” and with Bridgewater, “Defendants”) which is a non-qualified employee benefit plan as defined by Section 201(2) the Employee Retirement and Income Security Act (“ERISA”), 29 U.S.C. § 1002(2), that is exempt from certain requirements of ERISA, as a plan maintained primarily for the purpose of providing deferred compensation to a select group of management or highly compensated employees.

  • Counts 25 and 27 – Breach of the Portfolio Company LLC Agreements and Tortious Interference Count 25 is the Funds’ claim against Tilton for breach of the LLC Agreements arising from the November 2017 Written Consents, the Phantom Equity Agreements, and the PPMG Agreements.

  • Notwithstanding anything to the contrary in any Loan Document, “Indebtedness” shall be expressly deemed to exclude (i) the Holdings JAX Guaranty Obligations, (ii) obligations under the Profits Interest Program or the Restricted Stock Program, (iii) any accruals with respect to the Phantom Equity Agreement or any payment to be made in connection with the termination thereof and (iv) the Specified Dividend.

  • Count 33 is premised on the November 2017 Written Consents, the PPMG Agreements and the Phantom Equity Agreements challenged in Count 25.

  • SHARe-BASeD pAYMenTS 2011 Phantom Equity Awards In April and May 2011, phantom equity awards were made to certain employees in lieu of interests in Glencore’s existing equity ownership schemes.


More Definitions of Phantom Equity

Phantom Equity means the gross amount due to Rune G. Xxxxxxx pursuant to his Contract of Employment with Maschinen GmbH, dated as of May 1, 1992, as amended December 31, 1999. As of December 31, 2005, Phantom Equity was One Million One Hundred Forty-Seven Thousand Euros (€1,147,000) or One Million Three Hundred Fifty-Eight Thousand Dollars ($1,358,000).
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Phantom Equity means the value of AEP Energy Services, Inc. as of any Valuation Date determined by multiplying the Average Adjusted Net Income by the Equity Multiple and subtracting from the resulting product the Capital, as illustrated in Exhibit B.
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Related to Phantom Equity

  • 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.

  • Phantom means a volume of material behaving in a manner similar to tissue with respect to the attenuation and scattering of radiation. This requires that both the atomic number (Z) and the density of the material be similar to that of tissue.

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

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

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • 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.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • 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 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.

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

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

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

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

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

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

  • 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.

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

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.

  • Stock-Based Award means any Award, denominated in Shares, made pursuant to this Plan, including Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Deferred Stock Units, Performance Awards or Other Stock-Based Awards.

  • 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 Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

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

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.