Phantom Stock Units definition

Phantom Stock Units means the units of Phantom stock credited to the holder of a Phantom Stock Award, each of which units shall be a fictitious share of common stock which is the equivalent of one Share.

Phantom Stock Units means an award under the Long-term Incentive Plan to a Participant of a number of hypothetical share units with respect to shares of Common Stock. See, for example, the definitions of “Career Share Unit,” above, and “Restricted Stock Unit,” below.

Phantom Stock Units means the aggregate number of units of phantom stock issuable pursuant to the terms of the Phantom Stock Agreements."

Examples of Phantom Stock Units in a sentence

• The Committee shall have the authority to remove any or all of the restrictions on the Restricted Stock and Phantom Stock Units whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances arising after the date of the Restricted Stock Award or Phantom Stock Award, such action is appropriate.

• The Committee shall, in its sole discretion, determine whether to credit to the account of, or to currently pay to, each Holder of an Award of Phantom Stock Units such Dividend Equivalents.

• Phantom Stock Units awarded to any Participant shall be subject to (1) forfeiture until the expiration of the Restricted Period, to the extent provided in subparagraph (d) and the Award agreement, and to the extent such Awards are forfeited, all rights of the Holder to such Awards shall terminate without further obligation on the part of the Company and (2) such other terms and conditions as may be set forth in the applicable Award agreement.

• The terms and conditions of a grant of Phantom Stock Units shall be reflected in a written Award agreement.

• Dividend Equivalents credited to a Holder's account shall be subject to forfeiture on the same basis as the related Phantom Stock Units, and may bear interest at a rate and subject to such terms as are determined by the Committee.

More Definitions of Phantom Stock Units

Phantom Stock Units means an unfunded and unsecured promise to deliver Shares, cash or other securities equal to the Fair Market Value of one Share in the Company on the date of vesting or settlement, or as otherwise set forth in the Award Agreement.

Phantom Stock Units means units of Phantom Stock awarded under Article VIII of this Plan.

Phantom Stock Units means phantom stock units issued by Trico exercisable for Trico Common Shares, subject to the terms and conditions of the Phantom Stock Units Agreement.

Phantom Stock Units means the number of Phantom Stock Units equal to the Award Target, calculated by dividing the Award Target amount by the closing price of the Company’s Common Stock, as of the day immediately prior to the date the Award is granted.

Phantom Stock Units has the meaning set forth in the Recitals.

Phantom Stock Units means the phantom stock units granted under the ------------------- Phantom Stock Plan.

Phantom Stock Units or “PSU(s)” means a hypothetical share of Stock, used solely as a measurement tool representing the right(s) granted to each Participant pursuant to the terms of Section Four. No actual Stock will be issued to the Participant.