San Diego California Book Value Phantom Stock Plan of First Florida Banks, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: San Diego
• 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 San Diego California is a vibrant city located on the Pacific coast of Southern California. Known for its pleasant climate, stunning beaches, and rich cultural heritage, it is a highly sought-after destination for tourists and residents alike. The city offers a myriad of attractions, including the famous San Diego Zoo, Balboa Park, SeaWorld, and the USS Midway Museum. In terms of the financial sector, First Florida Banks, Inc. is a prominent company that operates in San Diego California. It offers various financial products and services, including the Book Value Phantom Stock Plan. This plan allows individuals to participate in the growth of the company's stock value without directly owning the stock. The San Diego California Book Value Phantom Stock Plan of First Florida Banks, Inc. provides an opportunity for employees or participants to receive compensation based on the appreciation of the company's book value. This plan is meant to incentivize employees and align their interests with the company's overall success. It is a non-cash compensation program that rewards employees with a phantom stock account, which represents a hypothetical investment in the company's stock. There are different types of Book Value Phantom Stock Plans within the San Diego California region. Some variations may include stock appreciation rights (SARS) or stock appreciation and dividend equivalent rights (SANDERS), each tailored to suit the needs and goals of the company and its participants. These plans are designed to reward participants based on the increase in the company's book value over a defined period. The San Diego California Book Value Phantom Stock Plan of First Florida Banks, Inc. helps foster a sense of ownership and loyalty among employees, as they stand to gain financially from the success of the company. It serves as an effective tool for attracting and retaining talent, encouraging employees to work towards the company's long-term growth and profitability. In summary, the San Diego California Book Value Phantom Stock Plan offered by First Florida Banks, Inc. provides participants with an opportunity to benefit from the company's book value appreciation. It is a non-cash compensation program that rewards employees for their contributions and aligns their interests with the overall success of the company. Different variations of this plan exist, such as SARS or SANDERS, tailored to meet the specific needs and objectives of the company and its participants.

San Diego California is a vibrant city located on the Pacific coast of Southern California. Known for its pleasant climate, stunning beaches, and rich cultural heritage, it is a highly sought-after destination for tourists and residents alike. The city offers a myriad of attractions, including the famous San Diego Zoo, Balboa Park, SeaWorld, and the USS Midway Museum. In terms of the financial sector, First Florida Banks, Inc. is a prominent company that operates in San Diego California. It offers various financial products and services, including the Book Value Phantom Stock Plan. This plan allows individuals to participate in the growth of the company's stock value without directly owning the stock. The San Diego California Book Value Phantom Stock Plan of First Florida Banks, Inc. provides an opportunity for employees or participants to receive compensation based on the appreciation of the company's book value. This plan is meant to incentivize employees and align their interests with the company's overall success. It is a non-cash compensation program that rewards employees with a phantom stock account, which represents a hypothetical investment in the company's stock. There are different types of Book Value Phantom Stock Plans within the San Diego California region. Some variations may include stock appreciation rights (SARS) or stock appreciation and dividend equivalent rights (SANDERS), each tailored to suit the needs and goals of the company and its participants. These plans are designed to reward participants based on the increase in the company's book value over a defined period. The San Diego California Book Value Phantom Stock Plan of First Florida Banks, Inc. helps foster a sense of ownership and loyalty among employees, as they stand to gain financially from the success of the company. It serves as an effective tool for attracting and retaining talent, encouraging employees to work towards the company's long-term growth and profitability. In summary, the San Diego California Book Value Phantom Stock Plan offered by First Florida Banks, Inc. provides participants with an opportunity to benefit from the company's book value appreciation. It is a non-cash compensation program that rewards employees for their contributions and aligns their interests with the overall success of the company. Different variations of this plan exist, such as SARS or SANDERS, tailored to meet the specific needs and objectives of the company and its participants.