Common use of Phantom Stock Plan Clause in Contracts

Phantom Stock Plan. In addition to the stock options set forth above, the Company agrees to credit Employee with 2,000,000 (two million) shares of stock, with 40% (forty percent) of such shares allocated on January 1, 2009; 30% (thirty percent) allocated on January 1, 2010; and the remaining 30% (thirty percent) allocated on January 1, 2011, as set forth in a separate Phantom Stock Plan. The Company agrees to provide a Phantom Stock Plan to Employee within 30 (thirty) days of the Effective Date. Any stock of the Company that is provided to Employee pursuant to this provision shall be properly registered shares with the United States Securities and Exchange Commission.

Phantom Stock Plan. In addition to the stock options set forth above, the Company agrees to credit Employee with 2,000,000 2,050,000 (two millionmillion fifty thousand) shares of stock, with 40% (forty percent) of such shares allocated on January 1, 2009; 30% (thirty percent) allocated on January 1, 2010; and the remaining 30% (thirty percent) allocated on January 1, 2011, as set forth in a separate Phantom Stock Plan. The Company agrees to provide a Phantom Stock Plan regarding such shares of stock to Employee within 30 (thirty) days of the Effective Date. Any stock of the Company that is provided to Employee pursuant to this provision shall be properly registered shares with the United States Securities and Exchange Commission.

Phantom Stock Plan. In addition to the stock options set forth above, the Company agrees to credit Employee with 2,000,000 1,900,000 (two millionone million nine hundred thousand) shares of stock, with 40% (forty percent) of such shares allocated on January 1, 2009; 30% (thirty percent) allocated on January 1, 2010; and the remaining 30% (thirty percent) allocated on January 1, 2011, as set forth in a separate Phantom Stock Plan. The Company agrees to provide a Phantom Stock Plan regarding such shares of stock to Employee within 30 (thirty) days of the Effective Date. Any stock of the Company that is provided to Employee pursuant to this provision shall be properly registered shares with the United States Securities and Exchange Commission.