Phantom Stock Explained

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US-CC-24-258
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The Phantom Stock Plan is designed to award employees phantom units that equate to future payments based on the value of the company's common stock, without granting actual equity. This plan is primarily administered by a committee and is accessible to any employee, although it targets senior management. Each unit represents an unfunded account, which only becomes valuable upon vesting due to retirement, death, disability, or at the end of a specified vesting period not exceeding five years. Recipients are not entitled to equity but may receive an amount equal to the fair market value of the stock at vesting, including cash dividends and interest on dividend equivalents. If an employee’s tenure ends for reasons other than death or retirement, the units are forfeited. The CEO recommends when and to whom units are granted, while the board approves the total awards. Recipients have the option to convert their units to interest-bearing equivalents before vesting. This form can be beneficial for attorneys, owners, and legal professionals as it provides a structured approach to deferred compensation that aligns employee interests with company performance.
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Creating a Will in Vermont There are certain requirements which must be met for a will made in Vermont to be considered legal. The law requires that: The maker of the will (called the testator) be at least eighteen (18) years old and of sound mind. The will must be written.

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Creating a Will in Vermont There are certain requirements which must be met for a will made in Vermont to be considered legal. The law requires that: The maker of the will (called the testator) be at least eighteen (18) years old and of sound mind. The will must be written.

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Phantom Stock Explained