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.
New York City Signs Ban The Box Legislation
Effective October 27 of this year, New York City employers may no longer inquire about an applicant’s criminal history. The Fair Chance Act (Act),...