Phantom Unit

Example Definitions of "Phantom Unit"
Phantom Unit. An award that entitles the holder to a cash payment equal to the value of a TNCLP common unit
Found in TERRA NITROGEN CO L P contract
Phantom Unit. A notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.
Found in Crestwood Equity Partners LP contract
Phantom Unit. A unit awarded to a Participant pursuant to an Award Agreement.
Found in Viant Technology Inc. contract
Phantom Unit. An award of an unfunded, unsecured promise by the Company to pay to a Participant the Phantom Unit Value subject to the terms and conditions of the Plan (which Phantom Units do not constitute issued and outstanding equity in the Company for any purposes and do not confer on the Participant any voting rights or the right to receive dividends)
Found in Collier Creek Holdings contract
Phantom Unit. A notional Unit granted under Section 6(d) hereof which upon vesting entitles the Participant to receive, at the time of settlement (which may or may not be coterminous with the vesting schedule of the Award), a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.
Found in RATTLER MIDSTREAM LP contract
All Definitions