Title: Puerto Rico Proposed Book Value Phantom Stock Plan for First Florida Bank, Inc.: A Comprehensive Overview and Appendices Introduction: This comprehensive guide provides an in-depth description of the Puerto Rico Proposed Book Value Phantom Stock Plan specifically tailored for First Florida Bank, Inc. Exploring the intricacies and potential benefits of this plan, along with detailed appendices, this resource aims to shed light on its various types and implementations. Chapter 1: Understanding the Puerto Rico Proposed Book Value Phantom Stock Plan 1.1 Background of Phantom Stock Plans 1.2 Benefits and Advantages for First Florida Bank, Inc. 1.3 Key Features and Objectives 1.4 Implementation Guidelines 1.5 Compliance Considerations Chapter 2: Exploring Types of Puerto Rico Proposed Book Value Phantom Stock Plans 2.1 Standard Phantom Stock Plan 2.2 Performance-Based Phantom Stock Plan 2.3 Restricted Phantom Stock Plan 2.4 Deferred Compensation Phantom Stock Plan 2.5 Executive Phantom Stock Plan Chapter 3: Designing and Drafting the Puerto Rico Proposed Book Value Phantom Stock Plan 3.1 Determining Participation Criteria 3.2 Calculation Methods and Measures 3.3 Vesting and Distribution Mechanisms 3.4 Rights and Restrictions of Participants 3.5 Taxation and Reporting Requirements 3.6 Key Considerations for First Florida Bank, Inc. Chapter 4: Appendices 4.1 Sample Puerto Rico Proposed Book Value Phantom Stock Plan Agreement 4.2 Glossary of Relevant Terms 4.3 Comparison with Other Incentive Compensation Plans 4.4 Tax Implications and Employee Reporting Forms 4.5 Frequently Asked Questions about the Puerto Rico Proposed Book Value Phantom Stock Plan Epilogue: Evaluating the Viability and Potential Impact of the Puerto Rico Proposed Book Value Phantom Stock Plan for First Florida Bank, Inc. Conclusion: By dissecting the Puerto Rico Proposed Book Value Phantom Stock Plan and its various types, this detailed guide equips First Florida Bank, Inc. with the essential knowledge and resources necessary to assess the feasibility and potential value of implementing such a plan. The accompanying appendices aim to ensure a thorough understanding of the plan's intricacies, empowering the bank to make informed decisions aligned with its strategic objectives.
Puerto Rico Proposed book value phantom stock plan with appendices for First Florida Bank, Inc.
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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.