Louisiana Book Value Phantom Stock Plan of First Florida Banks, Inc.

State:
Multi-State
Control #:
US-CC-20-162A
Format:
Word; 
Rich Text
Instant download

Description

20-162A 20-162A . . . Book Value Phantom Stock Plan under which Committee of Board of Directors may, from time to time, grant quantity of phantom shares to selected employees, each share being equivalent to one share of corporation common stock. Phantom shares may be exercised at any time within ten years of date of grant (subject to certain limitations in event of termination of employment) Upon exercise, employee is paid cash equal to increase in underlying net book value per share on fully diluted basis of shares between date of grant and date of exercise

Louisiana Book Value Phantom Stock Plan is a unique employee compensation plan offered by First Florida Banks, Inc. This plan enables employees to participate in the company's growth and success by granting them virtual phantom stock units based on the book value of the company. This comprehensive and progressive plan offers several variations to suit the diverse needs and preferences of employees. The Louisiana Book Value Phantom Stock Plan of First Florida Banks, Inc. is designed to reward employees based on the book value of the company, which represents its net asset value. The plan grants phantom stock units to eligible employees, which mimic actual shares but do not confer ownership rights. These units are tied to the book value of the company and track its performance over time. With the Louisiana Book Value Phantom Stock Plan, employees can benefit from the growth of the company without requiring an actual financial investment. This innovative approach aligns the interests of the employees with the long-term success of the organization, fostering a sense of ownership and motivation. First Florida Banks, Inc. offers different types of Louisiana Book Value Phantom Stock Plans to cater to different employee profiles and objectives. These variations include: 1. Executive Phantom Stock Plan: This plan targets top-level executives within the organization. It offers enhanced rewards and benefits to incentivize executives to drive performance and contribute to the bank's overall growth. 2. Employee Stock Ownership Plan (ESOP): The ESOP is designed for all employees, providing them with an opportunity to accumulate phantom stock units based on the book value of the company. This plan fosters a sense of unity and shared purpose among all employees. 3. Performance-Based Phantom Stock Plan: This plan allows employees to earn additional phantom stock units based on their individual or departmental performance. It motivates employees to excel in their roles and contribute to the overall success of the company. 4. Retirement Phantom Stock Plan: The Retirement Phantom Stock Plan ensures that employees have a financial cushion upon retirement. It offers a systematic accumulation of phantom stock units over the course of an employee's career, leading to a substantial payout upon retirement. 5.vesting-period_phantom Stock Plan: This plan distributes phantom stock units to employees over a specific period, known as the vesting period. Consequently, employees receive a gradual accumulation of units, ensuring long-term commitment and loyalty within the organization. The Louisiana Book Value Phantom Stock Plan of First Florida Banks, Inc. is an innovative and inclusive compensation program aimed at fostering a culture of ownership, performance, and long-term commitment among employees. It provides an excellent opportunity for employees to benefit from the growth and success of the company, creating a win-win scenario for both employees and the organization.

Free preview
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.

How to fill out Book Value Phantom Stock Plan Of First Florida Banks, Inc.?

If you want to comprehensive, obtain, or print authorized papers themes, use US Legal Forms, the largest selection of authorized types, that can be found on the web. Use the site`s simple and convenient search to find the papers you require. Different themes for enterprise and specific functions are categorized by categories and claims, or keywords and phrases. Use US Legal Forms to find the Louisiana Book Value Phantom Stock Plan of First Florida Banks, Inc. in a handful of mouse clicks.

Should you be previously a US Legal Forms customer, log in to the accounts and click on the Download switch to find the Louisiana Book Value Phantom Stock Plan of First Florida Banks, Inc.. You can even accessibility types you previously acquired within the My Forms tab of your own accounts.

If you are using US Legal Forms initially, refer to the instructions beneath:

  • Step 1. Be sure you have selected the shape for your right area/nation.
  • Step 2. Use the Preview option to examine the form`s content material. Don`t forget about to read the information.
  • Step 3. Should you be unsatisfied together with the form, utilize the Look for discipline towards the top of the display screen to get other versions of the authorized form web template.
  • Step 4. When you have found the shape you require, go through the Purchase now switch. Opt for the pricing strategy you choose and include your credentials to sign up to have an accounts.
  • Step 5. Process the purchase. You should use your Мisa or Ьastercard or PayPal accounts to perform the purchase.
  • Step 6. Choose the format of the authorized form and obtain it on the gadget.
  • Step 7. Comprehensive, edit and print or indicator the Louisiana Book Value Phantom Stock Plan of First Florida Banks, Inc..

Each authorized papers web template you get is your own property forever. You may have acces to every form you acquired within your acccount. Click the My Forms segment and choose a form to print or obtain again.

Remain competitive and obtain, and print the Louisiana Book Value Phantom Stock Plan of First Florida Banks, Inc. with US Legal Forms. There are millions of specialist and status-certain types you can use for your personal enterprise or specific requirements.

Form popularity

FAQ

As a default, this form plan provides for forfeiture of all unvested phantom stock units upon a participant's termination of employment (subject to the terms of the award agreement).

Phantom shares are usually paid out when the company gets acquired or IPOes. The phantom shares are paid out in cash for their corresponding value.

However, phantom stocks come with a considerable amount of disadvantages that can diminish participants' perceived control and influence, strain company liquidity, require extensive administrative efforts, introduce tax complexities, create disagreements, and subject participants to volatility in financial benefits ...

The answer involves two variables: (a) the presumed value of the company, and (b) the number of shares to be used in the plan. Once these two answers are known, the phantom share price is calculated as the former (the value) divided by the latter (the number of shares).

The plan may provide for a single payment, or it may provide for installment payments over a period of time after the phantom stock vests. In some cases, the employer may let the employee elect to receive the payout in the form of an equivalent amount of stock.

A cash payment from Company A as the difference between the current common share price and phantom stock issue price: ($70 ? $50) x 500 = $10,000; or. A cash payment from Company A equal to the current common share price: $50 x 500 = $25,000.

Phantom stock plans are considered ?liability awards? for accounting purposes (assuming they will be settled in cash rather than stock). As such, the sponsoring company must recognize the plan expense ratably over the vesting period. Varying accrual schedules can be found in the market.

Phantom stock plans are considered ?liability awards? for accounting purposes (assuming they will be settled in cash rather than stock).

Interesting Questions

More info

Download the file. As soon as the Book Value Phantom Stock Plan of First Florida Banks, Inc. is downloaded it is possible to fill out, print out and sign it in ... Download Proposed book value phantom stock plan with appendices for First Florida Bank, Inc. ... Download the file. After the Proposed book value phantom stock ...The best way to change Proposed book value phantom stock plan with appendices for First Florida Bank, Inc. online. Form edit decoration. Book value; Formula value (such as a multiple of earnings). A public company would typically use the actual share price as determined by its listing exchange. The purpose of this Plan is to strengthen the alignment of interests between Participants and the shareholders of the Corporation and of the Issuer by linking ... If a company has no ownership restrictions but the owner wants to retain ownership, phantom stock provides incentives based on the value of the company while ... “Common Stock” means (i) the common stock of the Company, par value $0.10 per share, as adjusted as provided in ARTICLE 7, or (ii) if there is a merger, ... Jul 14, 2023 — Appreciation-only phantom stock plans are designed to reward employees based on the company's stock value increase over time. Participants ... ... Value aligned partners? Chicolastic recien nacido ... First trick shot ever, Photoshop cs6 tutorial youtube, Jaime bayly wikipedia, H2sio3 nomenclatura stock ... Jan 20, 2023 — A phantom equity plan is a type of equity compensation plan that does not involve the actual issuance of stock or ownership in the company.

Trusted and secure by over 3 million people of the world’s leading companies

Louisiana Book Value Phantom Stock Plan of First Florida Banks, Inc.