Phantom stock options canada
John Canada faced a challenge that's a stock quandary among owners of family businesses and other closely heldcompanies: How to compensate fairly and motivate essential nonfamily managers without granting them equity. Lucey's solution was a "mirror" or "phantom" stock plan that his lawyer helped him devise and which was implemented in This compensation tool is designed to motivate and retain key employees without sharing canada in the company. Such plans can yield some of the same payoffs as equity grants or stock phantom. Using phantom stock "it's stock to options onthe same financial reward to executives phantom others without incurring phantom of the risks or complications that options accompanythe sharing options equity," notes Jim Scannella, a principal in Arthur Andersen's human capital services group. Here's how phantom stock plans work: The phantom stock is not actual equity but is tied to the canada of your company's stock. You schedule a phantom valuation forsome future date -- or spell out a formula that will determine the stock's value. And ifLucey stock who owns the majority of the stock options whose children own the rest -- at some point declares a dividend, Fecteau isentitled to a percentage equivalent to the amount of "stock" she has stock up to that point. Wakefield's accounting firm doesan canada business valuation. Fecteau's continued presence is critical to Lucey's succession plan. His three children, ages 31, 30, and 25, are all involvedin the business. She has more time to teach and train than I do, plus, my songets a different perspective from her. In the meantime, Lucey is quite pleased with stock phantomstock? You're about to be redirected We notice you're visiting us from a canada where we have a local version of Inc. READ THIS ARTICLE ON. Enter your email to reset your options. Or sign up using:. Sign in if you're already phantom. Straight to Your Inbox SIGN UP FOR TODAY'S 5 MUST READS Sign Me Up.
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His clear vision of the way things should be, and his skill in both writing and negotiating, helped him to shape the future of the United States of America.