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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-162A
• Format: Word; Rich Text

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 Puerto Rico Book Value Phantom Stock Plan: A Comprehensive Overview of First Florida Banks, Inc. First Florida Banks, Inc. presents the Puerto Rico Book Value Phantom Stock Plan as an enticing opportunity for potential investors looking to gain a deeper understanding of their financial offerings. This detailed description illuminates the various aspects the plan encompasses, including its multiple types and associated benefits. What is the Puerto Rico Book Value Phantom Stock Plan? The Puerto Rico Book Value Phantom Stock Plan is a strategic financial instrument provided by First Florida Banks, Inc. Designed to mimic the characteristics of actual stock ownership, it allows participants to experience the potential growth and success of invested funds without actually owning company stock. Types of Puerto Rico Book Value Phantom Stock Plan: 1. Individual Plan: The Individual Plan caters to high-net-worth individuals seeking to leverage the advantages of investing in First Florida Banks, Inc. This plan offers personalized financial strategies, tailored specifically to meet the unique investment objectives and risk tolerances of individual participants. 2. Corporate Plan: The Corporate Plan embraced by First Florida Banks, Inc. appeals to corporations and organizations aiming to provide additional incentives to their key employees. This plan allows employers to reward and retain top talent while simultaneously aligning their interests with the company's long-term success. 3. Retirement Plan: The Retirement Plan caters specifically to individuals planning for a secure and prosperous future. It assists in building retirement savings by offering participants the opportunity to invest in First Florida Banks, Inc.'s phantom stock while leveraging tax advantages associated with traditional retirement accounts. Benefits of the Puerto Rico Book Value Phantom Stock Plan: 1. Potential Capital Appreciation: Participants can reap the benefits of potential capital appreciation as the value of the phantom stock mirrors the growth and success of First Florida Banks, Inc. 2. Income Generation: The plan grants participants the opportunity to receive dividends, providing a potential source of additional income. 3. Tax Efficiency: Participants can enjoy the benefits of enhanced tax efficiency through the Puerto Rico Book Value Phantom Stock Plan, potentially reducing their overall tax obligations. 4. Flexible Investment Options: The plan offers participants a wide range of investment options, providing the flexibility to cater to unique financial goals and risk tolerances. 5. Diversification: Investing in First Florida Banks, Inc.'s phantom stock plan allows participants to diversify their investment portfolios, potentially reducing overall risk. In summary, the Puerto Rico Book Value Phantom Stock Plan offered by First Florida Banks, Inc. provides a range of customized solutions for individuals, corporations, and retirement planning. With its numerous benefits, participants can align their interests with the long-term success of the company while potentially reaping significant financial rewards. Whether it is the Individual, Corporate, or Retirement Plan, investors can leverage this unique offering to navigate their financial future with confidence.

Puerto Rico Book Value Phantom Stock Plan: A Comprehensive Overview of First Florida Banks, Inc. First Florida Banks, Inc. presents the Puerto Rico Book Value Phantom Stock Plan as an enticing opportunity for potential investors looking to gain a deeper understanding of their financial offerings. This detailed description illuminates the various aspects the plan encompasses, including its multiple types and associated benefits. What is the Puerto Rico Book Value Phantom Stock Plan? The Puerto Rico Book Value Phantom Stock Plan is a strategic financial instrument provided by First Florida Banks, Inc. Designed to mimic the characteristics of actual stock ownership, it allows participants to experience the potential growth and success of invested funds without actually owning company stock. Types of Puerto Rico Book Value Phantom Stock Plan: 1. Individual Plan: The Individual Plan caters to high-net-worth individuals seeking to leverage the advantages of investing in First Florida Banks, Inc. This plan offers personalized financial strategies, tailored specifically to meet the unique investment objectives and risk tolerances of individual participants. 2. Corporate Plan: The Corporate Plan embraced by First Florida Banks, Inc. appeals to corporations and organizations aiming to provide additional incentives to their key employees. This plan allows employers to reward and retain top talent while simultaneously aligning their interests with the company's long-term success. 3. Retirement Plan: The Retirement Plan caters specifically to individuals planning for a secure and prosperous future. It assists in building retirement savings by offering participants the opportunity to invest in First Florida Banks, Inc.'s phantom stock while leveraging tax advantages associated with traditional retirement accounts. Benefits of the Puerto Rico Book Value Phantom Stock Plan: 1. Potential Capital Appreciation: Participants can reap the benefits of potential capital appreciation as the value of the phantom stock mirrors the growth and success of First Florida Banks, Inc. 2. Income Generation: The plan grants participants the opportunity to receive dividends, providing a potential source of additional income. 3. Tax Efficiency: Participants can enjoy the benefits of enhanced tax efficiency through the Puerto Rico Book Value Phantom Stock Plan, potentially reducing their overall tax obligations. 4. Flexible Investment Options: The plan offers participants a wide range of investment options, providing the flexibility to cater to unique financial goals and risk tolerances. 5. Diversification: Investing in First Florida Banks, Inc.'s phantom stock plan allows participants to diversify their investment portfolios, potentially reducing overall risk. In summary, the Puerto Rico Book Value Phantom Stock Plan offered by First Florida Banks, Inc. provides a range of customized solutions for individuals, corporations, and retirement planning. With its numerous benefits, participants can align their interests with the long-term success of the company while potentially reaping significant financial rewards. Whether it is the Individual, Corporate, or Retirement Plan, investors can leverage this unique offering to navigate their financial future with confidence.