Price For Phantom 9

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-162A
• Format: Word; Rich Text

Description

The Price for Phantom 9 pertains to the First Florida Banks, Inc. Book Value Phantom Stock Plan, which serves as an incentive mechanism to attract and retain key management by aligning their interests with those of shareholders. This plan is focused on the growth of shareholders' equity, with Phantom Shares having a maximum payout limit of $17.15 per share. It is specifically designed for employees selected by the Phantom Stock Plan Committee, allowing them to benefit from the appreciation in the company's book value through grants of Phantom Shares. Users may choose to defer their compensation under a Deferred Compensation Agreement, enabling financial planning flexibility. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to navigate complex compensation structures, ensuring compliance with legal requirements and understanding the implications of Phantom Share grants. The plan outlines essential components including eligibility, exercise conditions, and consequences of employment status changes, aiding professionals in managing their legal and financial risks effectively.