Phantom Option means an Option which will always be satisfied with a cash payment as described in rule 4.7;

Examples of Phantom Option in a sentence

All Phantom Options shall be evidenced by an Award Agreement as described in Section 8.2 below and any payment or settlement made upon exercise of a Phantom Option shall be made to the Participant in accordance with the terms and conditions set forth in the Award Agreement.
A Participant shall not in any circumstances be entitled to receive dividends or have any rights of a shareholder in respect of securities under an award of Phantom Conditional Securities or a Phantom Option.
If an award of Conditional Shares, Conditional Securities or Phantom Conditional Securities, or an Option, or a Phantom Option, lapses under the Plan, it cannot Vest and a Participant has no rights in respect of it.
Please note, if the Student leaves the Accommodation early the discount will be reclaimed and where there are multiple Residents in any shared room, the discount is per room and will be applied pro-rata.
Settlement of Phantom Option is done in cash within 90 days from the date of exercise.

More Definitions of Phantom Option

Phantom Option means each cash-settled stock appreciation right that relates to the value of the Company Common Stock, whether granted pursuant to the Company Stock Plan or otherwise.

Phantom Option means a phantom option granted in terms of the Phantom Option Scheme;

Phantom Option means a contingent right to receive, under the Plan, on exercise:-

Phantom Option means a right in relation to notional Shares which, when exercised, entitles the Participant to be paid a cash amount subject to the Rules as amended by this Schedule 1;

Phantom Option means a right in relation to notional Plan Shares which, when exercised, entitles the Award Holder to be paid a cash amount equal to the Gain on an equivalent Option.B3. Terms of Phantom Awards

Phantom Option means an Option which is over a notional number of Shares and which is satisfied by an amount in cash equivalent to the Market Value of such notional Shares on the date of exercise;