Business Succession Planning : An Alternative To Employee Stock Transfers
- Topics:
- Accounting software
- Tags:
- Finance,
- Investment,
- Stock,
- Stock Plan,
- Succession Planning
- Source:
- Clelan & Company
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Overview: "One of the greatest dilemmas confronting employers is whether to give key employees stock in the company as a perk for a job well done. Lately, it seems many employees feel entitled to own stock because of their level of contribution or their years of service. There are no perfect solutions to this dilemma, but there is one concept that can be useful in certain situations—a phantom stock plan. A phantom stock plan is a type of non-qualified retirement plan. It is similar to a supplemental executive retirement plan in its general makeup, but the ultimate benefit payable to the key employee is based on the value of the company stock rather than on a fixed benefit amount. "
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Format: HTML | Date: Jan 2003 | Pages: 1
