How does a phantom stock plan work?

A phantom stock plan is a deferred compensation plan that provides the employee an award measured by the value of the employer's common stock. However, unlike actual stock, the award does not confer equity ownership in the company. In other words, there is no actual stock given to the employee.

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Book Value Phantom Stock Plan of First Florida Banks...

Phantom Stock Agreement

Name: Book Value Phantom Stock Plan of First Florida Banks, Inc.
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.74 (229 reviews)

Category:

Corporations - Public - Incentive Compensation Plans

State:

Multi-State

Control #:

US-CC-20-162A

Format:

Instant download

Description Phantom Stock Plan Template

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

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Phantom Stock Plan Sample Other Form Names

Phantom Stock Template Phantom Stock Plan Form Phantom Stock Order Phantom Plan Share Phantom Any Value Phantom Stock Phantom Stock Agreement Template

Phantom Equity FAQ

For employees, there's no need to purchase phantom stock shares as regular stockholders must do on the open market. Instead, phantom shares are given to employees with no money changing hands. That's a big benefit to employees, who share in the stock's profits without having to pay for it.

1Understand what you are and aren't offering.2Set a proper valuation.3Create your shares.4Decide how to award stock.5Set a reward schedule.

Understand what you are and aren't offering. Set a proper valuation. Create your shares. Decide how to award stock. Set a reward schedule.

A phantom stock plan is an employee benefit plan that gives selected employees (senior management) many of the benefits of stock ownership without actually giving them any company stock. This type of plan is sometimes referred to as shadow stock. Rather than getting physical stock, the employee receives mock stock.

A phantom stock plan is a deferred compensation plan that provides the employee an award measured by the value of the employer's common stock. However, unlike actual stock, the award does not confer equity ownership in the company. In other words, there is no actual stock given to the employee.

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 value of the company can be established by a variety of means, including: Stock exchange (for public companies)

Phantom Stock Agreement

Description Phantom Stock Plan Template

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