What is a phantom stock option?

A. 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 stock, or, in the case of a limited liability company, by the value of an LLC unit. However, unlike actual stock, the award does not confer equity ownership in the company.

Can you sell phantom stock?

Since phantom shares are not the same as real stock, you don't have to worry about employees voting down key decisions, such as selling the company.

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

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

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

Category:

Corporations - Public - Incentive Compensation Plans

State:

Multi-State

County:

Broward

Control #:

US-CC-20-162A

Format:

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

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

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FAQ

A stock appreciation right (SAR, in short) is a lot like phantom stock. The only difference in this is that it provides the right to the monetary equivalent of the increase in the value of a specified number of shares, over a specified period of time.

To the extent that phantom stock is considered a security, private companies generally rely on the exemption from registration under Rule 701 of the Securities Act of 1933, which allows a company to offer securities to employees under a written compensatory plan if: (1) certain disclosure requirements are met and (2)

For both phantom stock and SARs, employees are taxed when the right to the benefit is exercised. At that point, the value of the award, minus any consideration paid for it (there usually is none) is taxed as ordinary income to the employee and is deductible by the employer.

Because participants in phantom stock plan are not shareholders, they are not entitled to dividends per se. However, the phantom stock plan may call for phantom dividends. Such payments might be included in a plan once a participant is vested in full value shares that have not yet been redeemed (or cashed in).

A. 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 stock, or, in the case of a limited liability company, by the value of an LLC unit. However, unlike actual stock, the award does not confer equity ownership in the company.

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).

Phantom stock is not a good idea if the company is planning on issuing them to most or all employees, especially if the shares will be paid out when the employee leaves the company or retires. In that case, phantom shares may be ruled illegal because of the Employee Retirement Income and Security Act (ERISA).

Since phantom shares are not the same as real stock, you don't have to worry about employees voting down key decisions, such as selling the company.

In conjunction with generally accepted accounting standards, a phantom stock plan is accounted for as a deferred cash compensation plan because the employee receives the increase in the value of an underlying number of shares or units over a specific period of time in the form of a cash payment on a specified date.

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In the late 1700's, people from the Bahamas became the first known white settlers on the New River. Financing arrangements, including any plan to raise additional equity or incur debt.Background and Purpose. DCM10. Construction Quality Assurance Procedures. SENATE BILL 354 (CHAPTER 8490) creates the Florida. Aquaculture Policy Act and points out the need for a State. Exceptions to, modify or suspend our share repurchase plan. Norman died in the hospital about two weeks after diagnosis. Joy learned the rehab centers were accepting COVID patients, who were segregated.

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

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What is the difference between phantom stock and stock appreciation rights?

Is phantom stock considered a security?

How is phantom stock taxed?

Does phantom stock Get distributions?

What is a phantom stock option?

How do you value phantom stock?

Is phantom stock a good idea?

Can you sell phantom stock?

How is phantom stock accounted for?

Interesting Questions

What is Broward Book Value Phantom Stock Plan?

How does the Broward Book Value Phantom Stock Plan work?

What is the book value of a stock?

Who is eligible to participate in the Broward Book Value Phantom Stock Plan?

Are the phantom shares tradable?

What happens to the phantom shares if an employee leaves the company?

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