Value For Phantom

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

Description

The First Florida Banks, Inc. Book Value Phantom Stock Plan provides an incentive compensation vehicle to attract and retain management by aligning their interests with shareholders through Phantom Shares. These shares represent a fictitious share of stock valued based on the Company's Book Value, allowing participants to gain from the growth of shareholder equity. The Plan is administered by a designated Committee, which selects eligible Employees and sets award sizes while ensuring compliance with applicable regulations. Notable features include a maximum of 500,000 Phantom Shares that can be awarded, a ten-year exercise period, and a deferred compensation option allowing Employees to defer payments to a future date. The Plan is designed for key managers and provides specific utility for attorneys, partners, owners, associates, paralegals, and legal assistants involved in corporate governance and compensation structuring. Participants may also benefit from provisions related to employment termination, disability, and Company Change in Control, which automatically exercise Phantom Shares, ensuring broad applicability to diverse employment scenarios.
Free preview
  • 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.

Get your form ready online

Our built-in tools help you complete, sign, share, and store your documents in one place.

Built-in online Word editor

Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Export easily

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

E-sign your document

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

Notarize online 24/7

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

Store your document securely

We protect your documents and personal data by following strict security and privacy standards.

Form selector

Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Form selector

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Form selector

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

Form selector

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

Form selector

We protect your documents and personal data by following strict security and privacy standards.

Looking for another form?

This field is required
Ohio
Select state

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

Using legal templates that meet the federal and local regulations is crucial, and the internet offers a lot of options to pick from. But what’s the point in wasting time searching for the appropriate Value For Phantom sample on the web if the US Legal Forms online library already has such templates gathered in one place?

US Legal Forms is the most extensive online legal catalog with over 85,000 fillable templates drafted by attorneys for any business and personal case. They are easy to browse with all papers collected by state and purpose of use. Our experts stay up with legislative changes, so you can always be confident your paperwork is up to date and compliant when acquiring a Value For Phantom from our website.

Obtaining a Value For Phantom is quick and easy for both current and new users. If you already have an account with a valid subscription, log in and save the document sample you require in the right format. If you are new to our website, follow the instructions below:

  1. Analyze the template using the Preview option or via the text outline to make certain it meets your needs.
  2. Locate a different sample using the search tool at the top of the page if necessary.
  3. Click Buy Now when you’ve located the right form and opt for a subscription plan.
  4. Create an account or log in and make a payment with PayPal or a credit card.
  5. Select the best format for your Value For Phantom and download it.

All documents you locate through US Legal Forms are multi-usable. To re-download and fill out previously saved forms, open the My Forms tab in your profile. Enjoy the most extensive and easy-to-use legal paperwork service!

Form popularity

FAQ

For example, suppose an employee received 10 phantom shares with a starting value of $7, and assume the shares are valued on the payment date at $15. At the date of payment the employee would receive $150 under a ?full value? plan and $80 under an ?appreciation only? plan.

The two types of phantom stock plans are "appreciation only," which doesn't include the value of the underlying shares, just the increase in stock over the amount of time the shares are held; and "full value," which pays the underlying value and the amount the stock increased while it was held.

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).

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.

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

Value For Phantom