Phantom Equity Value of Company

Phantom Equity Value of Company. The value of one share of Phantom Equity, which is to be determined by the 30-day average, between January 1 and January 31, of the closing price on the stock exchange of one share of Stock, as calculated by the Committee and in accordance with Section 409A of the Code. The Phantom Equity Value of Company shall be reviewed, approved and recorded by the Committee annually