Phantom stock plan sec

The application of 409A is extensive and includes phantom stock plans and other types of compensation, such as the following: Agreements to defer salary or bonuses. Agreements to make up for amounts not allowable under qualified retirement plans such as 401(k) plans. Supplemental executive retirement plans. Whether a phantom stock plan is designed to avoid or comply with section 409A will depend on the purpose of the plan and its related goals. Suggestion: To meet the short-term deferral rule under section 409A, it is advisable that the intent to settle the award within 2 1/2 months after the end of the plan year in which vesting occurs be stated • Deferrals used to purchase phantom stock – Either full‐value or appreciation only • Earnings on deferrals based on growth in the phantom stock vs a credited interest rate or other notional investment • Like a stock option plan, executives have to buy in • Unlike a stock option plan─

To all true shareholders and the SEC, if the company is publicly traded, employers must report the status of the phantom stock plan at least annually to all   16 Jun 2019 A phantom stock plan is an employee benefit plan that gives select employees many benefits of stock ownership without giving them any  1 Nov 2017 The Tax Court considered whether redemption of phantom stock was a sale of a capital attorney formed as part of her estate plan after Thelma was diagnosed with cancer. "Capital asset" has a broad definition under Sec. Stock Exchange and Committee Charter Requirements . Employment Agreements and Executive Compensation/Benefit Plans.49 applicable Securities Exchange Commission (SEC) regulations and other legal limitations. shares and phantom stock commonly payable in an equivalent cash value. The types of stock incentive plans we deal with include: Phantom stock plans and SEC registration requirements with respect to their stock incentive plans  19 Aug 2012 phantom stock plans, stock appreciation rights, and profits interests own securities (or that of an affiliate) without registering with the SEC.

CALLAWAY GOLF COMPANY, a Delaware corporation (the “Company”), has elected to grant to you, the Recipient named above, a Phantom Stock Unit award pursuant to Section 12 of the Plan identified above (the “Plan”) and subject to the restrictions and on the terms and conditions set forth below, in consideration for your services to the Company.

The purpose of the Chaparral Energy Phantom Stock Plan (the “Plan”) is to provide deferred compensation to certain key employees (the “Participants”) of Chaparral Energy. Such deferred compensation will be based upon the award of Phantom Stock to the Participants. A phantom stock plan is an employee benefit plan that gives selected employees (senior management) many of the benefits of stock ownership without actually giving them any company stock. This is Any capitalized, but undefined, term used in this Phantom Stock Agreement shall have the meaning ascribed to it in the Plan. 2. The Plan. The Phantom Stock is issued in accordance with and is subject to and conditioned upon all of the terms and conditions of this Phantom Stock Agreement and the Plan as amended from time to time; provided, however, that no future amendment or termination of the Plan shall, without your consent, alter or impair any of your rights or obligations under the Plan The Phantom Stock is intended to constitute a short-term deferral under Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and guidance issued thereunder. The Corporation is not responsible for, and makes no representation or warranty whatsoever in connection with, the tax treatment hereunder. 11.

“Phantom Stock” means a contractual right to receive an amount in cash equal to the Fair Market Value of a share of Common Stock on the Settlement Date. 2.21.      “Plan” means the Old Dominion Freight Line, Inc. 2012 Phantom Stock Plan, as it may be amended and/or restated. 2.22.

Stock Exchange and Committee Charter Requirements . Employment Agreements and Executive Compensation/Benefit Plans.49 applicable Securities Exchange Commission (SEC) regulations and other legal limitations. shares and phantom stock commonly payable in an equivalent cash value.

A Phantom Stock Plan is an arrangement under which deferred amounts are determined by a reference to hypothetical “phantom” shares of the employer’s stock without ever issuing the actual shares to the employee. Depending on the terms of the arrangement, the employee may be entitled to receive only the growth in the value of the stock between the time the employer awards the phantom shares and the time the employee cashes out the shares.

13 Oct 2014 For example, let's say ABC Corporation wants to establish a phantom stock plan for its key managers. It may set aside 10% of the equity value of  “Phantom Stock” means a contractual right to receive an amount in cash equal to the Fair Market Value of a share of Common Stock on the Settlement Date. 2.21.      “Plan” means the Old Dominion Freight Line, Inc. 2012 Phantom Stock Plan, as it may be amended and/or restated. 2.22. The purpose of the Chaparral Energy Phantom Stock Plan (the “Plan”) is to provide deferred compensation to certain key employees (the “Participants”) of Chaparral Energy. Such deferred compensation will be based upon the award of Phantom Stock to the Participants. A phantom stock plan is an employee benefit plan that gives selected employees (senior management) many of the benefits of stock ownership without actually giving them any company stock. This is Any capitalized, but undefined, term used in this Phantom Stock Agreement shall have the meaning ascribed to it in the Plan. 2. The Plan. The Phantom Stock is issued in accordance with and is subject to and conditioned upon all of the terms and conditions of this Phantom Stock Agreement and the Plan as amended from time to time; provided, however, that no future amendment or termination of the Plan shall, without your consent, alter or impair any of your rights or obligations under the Plan

A phantom stock plan typically does not require investment or confer ownership, so its recipient does not have voting rights. It is essentially an upside opportunity, as participants' investments

1 Nov 2017 The Tax Court considered whether redemption of phantom stock was a sale of a capital attorney formed as part of her estate plan after Thelma was diagnosed with cancer. "Capital asset" has a broad definition under Sec. Stock Exchange and Committee Charter Requirements . Employment Agreements and Executive Compensation/Benefit Plans.49 applicable Securities Exchange Commission (SEC) regulations and other legal limitations. shares and phantom stock commonly payable in an equivalent cash value. The types of stock incentive plans we deal with include: Phantom stock plans and SEC registration requirements with respect to their stock incentive plans  19 Aug 2012 phantom stock plans, stock appreciation rights, and profits interests own securities (or that of an affiliate) without registering with the SEC. plans stock appreciation rights are a part of a non-qualified1 stock option plan. by officers and directors for at least six months to avoid liability under sec- lar to a "phantom stock option," which have generally never been registered. These plans, also referred to as stock option plans, equity incentive plans, the employer's stock in the future for a specified price; Phantom stock, which is a S- 8 Registration statement with the SEC to register such employee equity grants.

A phantom stock plan is a bonus program that is known as 409(a) plan by the IRS . As with many IRS regulated plans there are some do's and don'ts that are  TAX 933, 933 (1959) (adoption of plans "by a number of corporations"); Note, Phantom Stock Plans, 76 HARV. L. REv. 619 (1963). 3. 15 U.S.C. §§ 77a-77aa ( 1976)  This Q&A is part of the global guide to employee share plans law. different types of share option plan, share purchase plan and phantom share plan, taxation, are required to register their stock and file regular periodic reports with the SEC. Pertinent documents for compensation purposes filed with the SEC include Form These compensation plans may include stock options, restricted stock, and compensation plans such as the grant of stock options, phantom stock, stock  To all true shareholders and the SEC, if the company is publicly traded, employers must report the status of the phantom stock plan at least annually to all