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.

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.

US Legal Forms
Localized Forms
New York
Queens
Book Value Phantom Stock Plan of First Florida Banks...

Queens New York Book Value Phantom Stock Plan of First Florida Banks, Inc.

Name: Queens New York 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:

Queens

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

4.11 Eyewitness Identification

View this form

Acceptance of Appointment by Trustee with ...

View this form

Child Support Transmittal #2 - Subsequent ...

View this form

Disclaimer by Beneficiary of all Rights un...

View this form

Letter to Debt Collector - Only call me on...

View this form

Sample Letter for Promotional Letter - Com...

View this form

Service Refusal Report

View this form

Notice of Dismissal

View this form

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

Preparing legal paperwork can be cumbersome. Besides, if you decide to ask an attorney to write a commercial contract, papers for ownership transfer, pre-marital agreement, divorce papers, or the Queens Book Value Phantom Stock Plan of First Florida Banks, Inc., it may cost you a lot of money. So what is the most reasonable way to save time and money and draw up legitimate documents in total compliance with your state and local laws and regulations? US Legal Forms is an excellent solution, whether you're searching for templates for your individual or business needs.

US Legal Forms is the most extensive online catalog of state-specific legal documents, providing users with the up-to-date and professionally checked forms for any scenario gathered all in one place. Therefore, if you need the recent version of the Queens Book Value Phantom Stock Plan of First Florida Banks, Inc., you can easily find it on our platform. Obtaining the papers takes a minimum of time. Those who already have an account should check their subscription to be valid, log in, and pick the sample with the Download button. If you haven't subscribed yet, here's how you can get the Queens Book Value Phantom Stock Plan of First Florida Banks, Inc.:

Glance through the page and verify there is a sample for your area.
Check the form description and use the Preview option, if available, to make sure it's the sample you need.
Don't worry if the form doesn't suit your requirements - search for the right one in the header.
Click Buy Now once you find the needed sample and pick the best suitable subscription.
Log in or sign up for an account to pay for your subscription.
Make a transaction with a credit card or through PayPal.
Opt for the document format for your Queens Book Value Phantom Stock Plan of First Florida Banks, Inc. and save it.

When done, you can print it out and complete it on paper or import the template to an online editor for a faster and more convenient fill-out. US Legal Forms allows you to use all the paperwork ever obtained multiple times - you can find your templates in the My Forms tab in your profile. Give it a try now!

Form Rating

4.74

Satisfied(229)

Form popularity

FAQ

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.

Phantom stock plans do not result in shareholder dilution because actual shares are not being transferred. Employees do not become owners. Instead, they are potential cash beneficiaries in the underlying company value.

The phantom stock becomes a liability that the company must eventually convert to either cash or company stock. In privately held businesses, company stock is rarely an option. employees like these plans as any phantom stock they receive is not taxable until converted into cash by the company.

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)

Phantom shares are only paid out if the employee meets certain terms. If an employee leaves the company before those terms are met, the phantom stocks disappear. If the company had used actual stock, those would have to be repurchased, which would make things more complicated. No voting rights.

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.

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).

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).

Interesting Questions

More info

Substantial progress was made in the 1950s and 1960s with the development of algorithms and computer codes to solve large mathematical programming problems. 45. Roosevelt would later argue that his CCC program offered an alternative to traditional schools.I have poured my heart and soul into this book about the Wekiva River. Orange julius vape juice. Tom is lifted up on the dredge and as the boat passes downstream he leaps aboard. Artists have found beauty in the grotesque since the ﬁrst aurochs slaughter was scratched on to a cave wall. FBI issues crime report: homicides up more than 3 percent. President Clinton asks Americans to honor Elizabeth Glaser. The lineup will also include Duran Duran, Bond composer Hans Zimmer, Ella Eyre, Craig David, Mabel, Elbow and George Ezra.

Queens New York Book Value Phantom Stock Plan of First Florida Banks, Inc.

Description

Related forms

Viewed forms

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

Show more info

Form Rating

Form popularity

FAQ

Can you sell phantom stock?

Can phantom shares be diluted?

What happens to phantom stock when a company goes public?

Is phantom stock considered a security?

Is phantom stock a security?

How do I cash out my phantom stock?

What is a phantom stock option?

Is phantom stock a good idea?

How do you value phantom stock?

Interesting Questions

What is the Queen's Book Value Phantom Stock Plan?

How does the Phantom Stock Plan work?

What is the book value of a company?

Who is eligible to participate in the Queen's Book Value Phantom Stock Plan?

Is participation in the Phantom Stock Plan mandatory?

How are the phantom stock values calculated?

More info

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