Puerto Rico 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.?
Choosing the right legitimate record design could be a battle. Of course, there are a variety of themes available on the Internet, but how can you obtain the legitimate type you will need? Make use of the US Legal Forms internet site. The assistance delivers 1000s of themes, for example the Puerto Rico Proposed book value phantom stock plan with appendices for First Florida Bank, Inc., that you can use for enterprise and personal needs. Every one of the kinds are inspected by specialists and meet up with state and federal needs.
In case you are currently signed up, log in for your bank account and click on the Obtain key to find the Puerto Rico Proposed book value phantom stock plan with appendices for First Florida Bank, Inc.. Utilize your bank account to appear from the legitimate kinds you have bought in the past. Go to the My Forms tab of your own bank account and have yet another version of your record you will need.
In case you are a fresh user of US Legal Forms, allow me to share easy instructions for you to adhere to:
- Very first, make certain you have chosen the correct type for your metropolis/region. You are able to check out the form making use of the Preview key and browse the form information to guarantee it will be the right one for you.
- When the type fails to meet up with your expectations, utilize the Seach discipline to get the correct type.
- Once you are sure that the form is acceptable, click on the Purchase now key to find the type.
- Pick the prices plan you want and enter in the needed information and facts. Create your bank account and buy the order using your PayPal bank account or charge card.
- Opt for the document file format and download the legitimate record design for your product.
- Total, change and print and signal the acquired Puerto Rico Proposed book value phantom stock plan with appendices for First Florida Bank, Inc..
US Legal Forms will be the largest library of legitimate kinds that you can see a variety of record themes. Make use of the service to download professionally-made documents that adhere to status 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.
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, 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.
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.
Phantom stock is a contract between an employer and an employee that grants the employee the right to receive a payment based on the value of the employer's stock. When granting phantom stock, the employer does not grant the employee any shares of the employer's stock.
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).
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.