Value Of Phantom Wolf

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

Description

The First Florida Banks, Inc. Book Value Phantom Stock Plan is designed to attract, reward, and retain key management while aligning their interests with those of shareholders through incentive compensation tied to company performance. This plan introduces the concept of Phantom Shares, which represent a fictitious share of stock based on the company's book value, facilitating the participation of selected employees in equity growth without actual stock issuance. Key features include a defined process for granting Phantom Shares, valuation guidelines, and conditions under which these can be exercised, such as company changes in control. Interested parties, including attorneys, partners, owners, associates, paralegals, and legal assistants, can benefit from understanding its filling and editing instructions for compliance and effective management. Users must ensure eligibility and adhere to specific guidelines outlined in the plan while considering the implications of cash awards versus deferred compensation. This plan not only serves as a motivational tool but also provides structuring options essential for strategic employee engagement and retention.