phantom stock plan

phantom stock plan. A long-term benefit plan under which a corporate employee is given units having the same characteristics as the employer’s stock shares. • It is termed a “phantom” plan because the employee does not actually hold any shares but instead holds the right to the value of those shares. — Also termed shadow stock plan. [Cases: Pensions 28. C.J.S. Pensions and Retirement Plans and Benefits §§ 11–15.]

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词条贡献者

资深译员重在，毕业于世界顶级翻译学院，擅长翻译各类与监管和调查相关的法律文件。