Price For Phantom Phone

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

Description

The Price for phantom phone is linked to the First Florida Banks, Inc. Book Value Phantom Stock Plan, which is designed to incentivize key management by offering a compensation structure based on shareholders' equity growth. This plan outlines how phantom shares, valued at a maximum of $17.15 per share, can provide financial rewards to selected employees. Key features include the ability to defer compensation, a clear structure for administering awards by the Phantom Stock Plan Committee, and measures to ensure alignment with company performance. Filling out the forms requires users to specify grant dates, the number of phantom shares, and agree on the terms of the Deferred Compensation Agreement. This document serves attorneys, partners, owners, associates, paralegals, and legal assistants by clarifying the plan structure, which is crucial for ensuring compliance and effective execution of employee incentive programs. Attorneys and legal assistants may particularly benefit from understanding the legal implications and requirements for participants, while partners and owners can utilize it to better manage executive compensation strategies.