As a business owner you realize the importance of retaining top executives and recruiting key employees. An Executive Compensation Plan offers various ways to attract and keep those employees who are vital to not only your success but also the future. One is: Phantom Stock Plan.
Phantom Stock Plans can help you create increased sales, better margins, lower costs and raise productivity by rewarding key personnel from successfully OPERATING your present company to BUILDING your future company.
A Phantom Stock Plan provides a long-term incentive plan that employers utilize by rewarding top performers for successfully building your future company. It is an executive benefit plan that gives employees (that you select) many of the benefits of stock ownership but not actually giving them any company stock or diluting current shareholders.
The Phantom Stock awards are based upon the earnings / profits or other measures. Phantom Stock Plan has no inherent requirements regarding its use, thus allowing the employer to create certain criteria such as length of employment and or growth of the company’s actual profits.
Phantom Stock qualifies as a non-qualified deferred compensation plan. It allows the executive an avenue to build wealth and provide financial independence in the future.
Call 915-541-7055 today to discuss in further detail how you and your employees can benefit from a Phantom Stock Executive Compensation Plan.
