Examples of Phantom Shares in a sentence

During the Restricted Period, the Participant shall not have any right to transfer any rights under the subject Award, shall not have any rights of ownership in the Phantom Shares and shall not have any right to vote such shares.
Except as otherwise determined by the Committee or set forth in the Award Agreement, upon a Participant’s termination of employment or service (as determined under criteria established by the Committee) for any reason during the applicable Restricted Period, all Phantom Shares shall be forfeited by the Participant.
Vesting and exercise of the Phantom Shares is subject to the fulfilment of certain conditions.
The Committee shall have the authority to grant Awards of Phantom Shares to Participants upon such terms and conditions as the Committee may determine.
Furthermore, vested Phantom Shares (whether deferred or unconditional) are subject to a retention period of 1 year.

More Definitions of Phantom Shares

Phantom Shares means Awards under Section 8(e).

Phantom Shares means notional shares of Common Stock awarded pursuant to Paragraph 7.

Phantom Shares means an Award granted to a Participant pursuant to Article 10 herein.

Phantom Shares means the right to receive Shares or cash equal to the Fair Market Value of such Shares, or any combination thereof, as determined by the Committee, at the end of a specified deferral period (which may or may not be coterminous with the Restricted Period of the Award), which is granted pursuant to Section 6(d) of the Plan.

Phantom Shares means an Award of the right to receive Shares, cash equal to the Fair Market Value of such Shares or any combination thereof, in the Committee’s discretion.

Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period (an amount of cash equal to a specified number of Shares, or a combination thereof) which is granted pursuant to Section 6(e) of the Plan.

Phantom Shares means hypothetical shares of Common Stock.