Phantom stock is an employee compensation plan where employees receive cash payouts based on the company’s stock value, without owning actual shares. This incentivizes employees by aligning their interests with the company’s goals. Our attorney can assist by drafting and reviewing phantom stock agreements, advising on tax implications and regulatory requirements, and provide ongoing legal support to manage the plan effectively.
USDOL Introduces New Timesheet i-Phone Application
On May 9, 2011, the United States Department of Labor (USDOL) announced the launch of its first timesheet application for smartphones which allows...