Examples of Phantom Stock Plan in a sentence
Equity Compensation Plan Information The Company currently maintains two equity compensation plans for the granting of equity awards to directors, officers and employees: the 2003 Equity Incentive Plan ("2003 Plan") and the Eligible Directors' Deferred Compensation/Phantom Stock Plan ("Director Phantom Stock Plan").
Phantom Stock Plan Through the issue of shadow shares, called phantom stocks, the Executive Board members are treated as if they were owners of a certain number of shares in Sartorius AG, without, however, being entitled to receive dividends.
Stock units, including the stock units issued under our 2003 Incentive Plan and our Director Phantom Stock Plan, are payable solely in shares of Common Stock, do not represent outstanding shares, do not have voting rights and are non-transferrable.
The Company has set the performance evaluation period for the Phantom Stock Plan (hereinafter the “Evaluation Period”) to be approximately three (3) years.
In respect of the payment terms, we were given to understand that pursuant to the internal guidelines of the Group, in determination of the payment terms offered to customers of the Group, the Company shall assess a number of factors of the relevant customers on a case-by-case basis predominantly based on the years of business relationship, any overdue payment record with the Group and the operating scale of the customer in terms of turnover.