Price For Phantom

State:
Multi-State
Control #:
US-CC-20-162A
Format:
Word; 
Rich Text
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Description

The Price for Phantom is structured within the First Florida Banks, Inc. Book Value Phantom Stock Plan, which is designed to attract and retain key management by providing incentive compensation based on shareholder equity growth. The Plan assigns a maximum value to Phantom Shares at $17.15 per share, with appreciation calculated from the Grant Date. Participants, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find the form effectively aligns management interests with shareholder value. Filling out the form requires understanding the specifics around Grant Dates and Phantom Share Awards, which must be documented in a written instrument. Key features include the establishment of a Compensation Agreement for deferred payments and the automatic exercise of Phantom Shares upon a Company Change in Control. The Plan is governed by a Committee which selects eligible employees and determines sizes of awards. Legal professionals should ensure compliance with provisions to avoid potential tax implications under the Internal Revenue Code. This plan is particularly relevant for management-level professionals looking to understand the compensation structure and its evolution over time.
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  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.
  • Preview Book Value Phantom Stock Plan of First Florida Banks, Inc.

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

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FAQ

Overly generous offers lead people to infer ?phantom costs??hidden downsides that require financial compensation ?which makes people less likely to accept high job wages, cheap plane fares, and free money.

How are the payouts for phantom stocks calculated? The cash payment for fully vested and exercisable phantom stock units are typically calculated by multiplying the number of phantom stock units the employee has by the increase in value of the company shares.

Phantom expenses are expenses that are small enough to not be noticeable on a bank or credit card statement but in total can really add up.

Phantom stock plans are considered ?liability awards? for accounting purposes (assuming they will be settled in cash rather than stock). As such, the sponsoring company must recognize the plan expense ratably over the vesting period. Varying accrual schedules can be found in the market.

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).

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Price For Phantom