What is a phantom stock agreement?

Phantom stock is a contract between an employer and an employee that grants the employee the right to receive a payment based on the value of the employer's stock. When granting phantom stock, the employer does not grant the employee any shares of the employer's stock.

What is the phantom stock plan model?

Summary. A phantom stock plan refers to a type of deferred employee compensation plan where plan participants benefit from the upside of a company's share price without actually receiving company shares. In a phantom stock plan, upon redemption of phantom stock, the plan participant receives cash compensation.

Is phantom stock worth anything?

While not stock in the company, phantom stock is worth money just like real stock? its value rises and falls with the company's actual stock (or what the company is valued at, if it's not a publicly traded company). Employees are paid out profits at the end of a pre-determined length of time.

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Phantom Stock Plan of Hercules...

Kansas Phantom Stock Plan of Hercules, Inc.

Name: Kansas Phantom Stock Plan of Hercules, Inc.
Brand: US Legal Forms
Rating: 4.77 (439 reviews)

Category:

Corporations - Public - Disclosure and Notices

State:

Multi-State

Control #:

US-CC-24-258

Format:

Instant download

Description

This sample form, a detailed Phantom Stock Plan document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The Kansas Phantom Stock Plan of Hercules, Inc. is a comprehensive employee benefit program offered by Hercules, Inc., a prominent company headquartered in Kansas. This plan aims to provide employees with an opportunity to share in the company's growth and success, even if they are not actual shareholders of the company. One of the main types of the Kansas Phantom Stock Plan at Hercules, Inc. is the Performance-based Phantom Stock Plan. This program is designed to reward employees based on the company's performance and financial goals. Keywords relevant to this plan may include performance-based compensation, financial growth, employee rewards, and stock appreciation rights. Another type is the Time-based Phantom Stock Plan. This plan grants employees the right to receive cash or stock equivalent to the value of a certain number of Hercules, Inc. shares after a specific period, usually several years. Keywords associated with this plan might include time-based compensation, equity-based programs, vested shares, and employee retention. Hercules, Inc.'s Kansas Phantom Stock Plan offers various benefits, including potential cash bonuses, stock appreciation rights, and wealth accumulation for employees. Participants can monitor the value of their phantom stock units through regular statements, fostering a sense of ownership and motivation. Relevant keywords here could include employee benefits, cash bonuses, stock value tracking, empowerment, and motivation. The Kansas Phantom Stock Plan allows Hercules, Inc. to attract and retain talented employees by providing them with an opportunity to reap the rewards of the company's success. This program aligns the interests of the workforce with those of the company, promoting a collaborative and growth-oriented culture. Keywords applicable to these aspects may include talent retention, employee incentives, alignment of interests, company culture, and collaboration. Overall, the Kansas Phantom Stock Plan of Hercules, Inc. is a robust employee benefit program that provides employees with a sense of ownership, rewards their contributions, and promotes a long-term commitment to the company's success. Through its various types, including the Performance-based and Time-based plans, Hercules, Inc. strives to create a supportive environment where employees can thrive and be rewarded for their dedication.

The Kansas Phantom Stock Plan of Hercules, Inc. is a comprehensive employee benefit program offered by Hercules, Inc., a prominent company headquartered in Kansas. This plan aims to provide employees with an opportunity to share in the company's growth and success, even if they are not actual shareholders of the company. One of the main types of the Kansas Phantom Stock Plan at Hercules, Inc. is the Performance-based Phantom Stock Plan. This program is designed to reward employees based on the company's performance and financial goals. Keywords relevant to this plan may include performance-based compensation, financial growth, employee rewards, and stock appreciation rights. Another type is the Time-based Phantom Stock Plan. This plan grants employees the right to receive cash or stock equivalent to the value of a certain number of Hercules, Inc. shares after a specific period, usually several years. Keywords associated with this plan might include time-based compensation, equity-based programs, vested shares, and employee retention. Hercules, Inc.'s Kansas Phantom Stock Plan offers various benefits, including potential cash bonuses, stock appreciation rights, and wealth accumulation for employees. Participants can monitor the value of their phantom stock units through regular statements, fostering a sense of ownership and motivation. Relevant keywords here could include employee benefits, cash bonuses, stock value tracking, empowerment, and motivation. The Kansas Phantom Stock Plan allows Hercules, Inc. to attract and retain talented employees by providing them with an opportunity to reap the rewards of the company's success. This program aligns the interests of the workforce with those of the company, promoting a collaborative and growth-oriented culture. Keywords applicable to these aspects may include talent retention, employee incentives, alignment of interests, company culture, and collaboration. Overall, the Kansas Phantom Stock Plan of Hercules, Inc. is a robust employee benefit program that provides employees with a sense of ownership, rewards their contributions, and promotes a long-term commitment to the company's success. Through its various types, including the Performance-based and Time-based plans, Hercules, Inc. strives to create a supportive environment where employees can thrive and be rewarded for their dedication.

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How to fill out Kansas Phantom Stock Plan Of Hercules, Inc.?

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FAQ

Phantom stock generally represents a company's unsecured and unfunded promise to make a payment to an employee or other service provider upon certain specified events (e.g., change in control or termination of employment) equal to the value of a specified number of shares of the company.

Phantom stock is a contract between an employer and an employee that grants the employee the right to receive a payment based on the value of the employer's stock. When granting phantom stock, the employer does not grant the employee any shares of the employer's stock.

If a business is sold, employees that own phantom stock receive money that is equal to the amount they would have received had they owned actual stock in the company. For that reason, it's financially beneficial to employees to own phantom stock, as they don't need to worry about dilution.

Expiration Date: The Expiration Date for each Phantom Share depends on whether it has vested. Where the Phantom Share has not vested pursuant to the Vesting Schedule below, the Expiration Date is the earlier of: (i) the Liquidity Event Deadline or (ii) the date of termination of Participant's Continuous Service.

Summary. A phantom stock plan refers to a type of deferred employee compensation plan where plan participants benefit from the upside of a company's share price without actually receiving company shares. In a phantom stock plan, upon redemption of phantom stock, the plan participant receives cash compensation.

While not stock in the company, phantom stock is worth money just like real stock? its value rises and falls with the company's actual stock (or what the company is valued at, if it's not a publicly traded company). Employees are paid out profits at the end of a pre-determined length of time.

Phantom shares usually get liquid when the company gets acquired or goes public or if the company decides to do a buyback. Any gains from the assets must be reported to tax authorities as ordinary income upon vesting.

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Corporations. Sample Phantom Stock. To access and download state-specific , subscribe to US Legal Forms. Simply select the form or package of ... Exhibit 10.4. PHANTOM STOCK AGREEMENT. HERCULES OFFSHORE. 2004 LONG-TERM INCENTIVE PLAN. This Phantom Stock Agreement (“Agreement”) is made and entered into ...Old Dominion Freight Line, Inc. (as defined below, the “Company”) hereby adopts this 2012 Phantom Stock Plan. The Plan is intended to qualify as a “top-hat” ... For private companies, a key advantage of granting cash- settled phantom stock rather than traditional equity awards that include the transfer of shares, such ... Apr 5, 2022 — A phantom stock plan is a deferred compensation plan that awards the employee a unit measured by the value of a share of a company's common ... In April 1993, the company approved an Employee Stock Purchase Plan, which ... 10-C Hercules Incorporated Phantom Stock Plan. Exhibit E, Notice of Annual ... A phantom stock plan is an employee benefit plan that gives select employees many benefits of stock ownership without giving them any company stock. The document informs the employees of the starting value of the shares along with other conditions of the plan, such as the vesting schedule, the payment ... Apr 5, 2023 — ... phantom stock gains to the tax authorities the next time they file ... Why would a company choose phantom stock over share options for employees? Jul 14, 2023 — These plans grant employees the right to receive a cash payment or equivalent shares based on the value of company stock at a future date. The ...

Kansas Phantom Stock Plan of Hercules, Inc.

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FAQ

How does phantom stock work in a private company?

What is a phantom stock agreement?

What happens to phantom stock when a company is sold?

Does phantom stock expire?

What is the phantom stock plan model?

Is phantom stock worth anything?

What happens to phantom stock when company is acquired?

Interesting Questions

What is a Phantom Stock Plan?

How does the Phantom Stock Plan work?

Why does Hercules, Inc. offer a Phantom Stock Plan?

Who is eligible for the Phantom Stock Plan at Hercules, Inc.?

How are the phantom shares valued in the Phantom Stock Plan?

Can employees sell their phantom shares?

What happens if an employee leaves Hercules, Inc. before the phantom shares vest?

Are phantom stock plan benefits taxable?

Can employees receive dividends on their phantom shares?

Can employees participate in the Phantom Stock Plan alongside other employee benefit plans?

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