Oregon Proposed book value phantom stock plan with appendices for First Florida Bank, Inc.
Description
How to fill out Proposed Book Value Phantom Stock Plan With Appendices For First Florida Bank, Inc.?
Finding the right legitimate file web template might be a struggle. Of course, there are tons of web templates available online, but how would you discover the legitimate develop you need? Make use of the US Legal Forms website. The services provides thousands of web templates, such as the Oregon Proposed book value phantom stock plan with appendices for First Florida Bank, Inc., that can be used for business and personal requires. Each of the kinds are inspected by pros and meet up with federal and state needs.
When you are previously authorized, log in to your account and click on the Acquire switch to have the Oregon Proposed book value phantom stock plan with appendices for First Florida Bank, Inc.. Use your account to search throughout the legitimate kinds you have acquired formerly. Visit the My Forms tab of your account and get one more duplicate in the file you need.
When you are a fresh consumer of US Legal Forms, here are simple guidelines so that you can follow:
- Very first, be sure you have chosen the appropriate develop for your personal area/region. It is possible to examine the shape utilizing the Review switch and browse the shape explanation to guarantee it is the right one for you.
- When the develop fails to meet up with your preferences, utilize the Seach industry to obtain the appropriate develop.
- Once you are sure that the shape is suitable, click on the Get now switch to have the develop.
- Choose the costs program you want and type in the required information. Design your account and purchase the transaction making use of your PayPal account or charge card.
- Opt for the submit format and down load the legitimate file web template to your device.
- Full, change and printing and indicator the attained Oregon Proposed book value phantom stock plan with appendices for First Florida Bank, Inc..
US Legal Forms is the most significant collection of legitimate kinds in which you can see a variety of file web templates. Make use of the company to down load skillfully-produced files that follow state needs.
Form popularity
FAQ
A cash payment from Company A as the difference between the current common share price and phantom stock issue price: ($70 ? $50) x 500 = $10,000; or. A cash payment from Company A equal to the current common share price: $50 x 500 = $25,000.
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.
As a default, this form plan provides for forfeiture of all unvested phantom stock units upon a participant's termination of employment (subject to the terms of the award agreement).
Phantom stock plans are considered ?liability awards? for accounting purposes (assuming they will be settled in cash rather than stock).
The definition of Exit Event used in this form phantom plan complies with Section 409A as the plan is designed so that awards are settled upon an Exit Event or, if earlier, a termination of a participant's employment, which is also a permissible payment event for purposes of Section 409A.
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).
For example, capping the cash payment to a company share price limit of $50. If the issuing phantom stock price is $30, and the company's share price at redemption is $100, the cash payment per phantom stock would be capped at $50 ? $30 = $20.
If a business is sold, employees that own phantom stock receive money that is equal to the amount they would have received had they owned actual stock in the company. For that reason, it's financially beneficial to employees to own phantom stock, as they don't need to worry about dilution.