While a phantom share remains “pending” under this Agreement, an amount corresponding to the distributions made on a common share during such a period is held by the company without interest until the phantom share becomes unshakable or expires and is then paid or decrepit to you. Notwithstanding the above schedule, all Phantom Shares that are not transferred to or in the case of (ii) above in connection with your termination of employment contract (including, but not limited to, termination due to death, disability or retirement) are automatically cancelled and cancelled without consideration upon your termination. Both types of phantom stick plans are “only appreciation”, which does not include the value of the underlying shares, but only the increase in shares during the period during which the shares are held; and “full value” that pays the underlying value and the amount that the stock has increased while it has been held. You may have heard the murmur through the jungle vine on “Phantom Shares” (sometimes called “ghost capital”). As a startup, your company`s budget can`t be extended to paying market salaries, so a ghost sharing plan can help you attract top-notch talent. Phantom Share Plans is a form of compensation for employees and an alternative to more traditional job sharing option plans (ESOPs). While they are more common in income tax jurisdictions, your common law corporation might want to explore the use of an income tax. . . .
Author: Boopathi Khttp://boopathi.me
Boopathi K, who is currently working as a BigData Administrator at KnowledgeLens. He has a vast experience in Administering production Hadoop Cluster(Apache/Cloudera) and it's ecosystem services, it includes Linux server Administration and AWS Administration as well. He has very strong knowledge in Installing, Configuring, Securing, Tuning and Troubleshooting Hadoop ecosystem services and Applications in both Cloud and On-Premise servers. He is a Cloudera Certified Hadoop Administrator(CCA131) with 100% passing score. He holds a Masters degree in Computer Application and Bachelors degree in Computer Science from Amrita University.