The new legislation covers arrangements including ordinary elective deferral plans, discounted stock options, supplemental executive retirement plans, phantom stock
, restricted stock, restricted stock units, 401(k) "wrap" plans, bonus and incentive deferral arrangements, severance arrangements, change-in-control arrangements with deferred compensation and 457(f) plans.
Thus, in addition to salary and bonus deferrals arrangements, nonqualified deferred compensation plans under section 409A will seemingly include supplemental executive retirement plans (SERPs); phantom stock
plans; restricted stock units; stock appreciation rights; (1) discounted stock options; and section 457(f) "ineligible" deferred compensation plans of tax-exempt organizations and state and municipal governmental units.
Board fees are $50,000 and $1,250 for each meeting, with 50 percent of the service fee paid in phantom stock
units and stock options.
This is a special concern for deferred compensation balances "invested" in phantom stock
, since credited appreciation and dividends have to be charged to corporate earnings.
From customized wellness programs, a Phantom Stock
program, extended time off and a refreshed companywide innovation program, DPR has made the wellbeing of employees a priority.
6 million in non-cash expense related to the mark-to-market adjustment of performance-based phantom stock
Same with companies that already have a long-term incentive in place like phantom stock
versus those that haven't gone down that road yet.
Gifford Phantom stock
acquired with div idend equivalents and directors' fees
409A law: stock options, stock appreciation rights (SARs), phantom stock
units, restricted stock and deferred bonuses.
Daniel Tudhope stayed cool after nearly being brought down on Phantom Stock
to win the apprentice handicap on the William Jarvis-trained winner.
For example, employers providing 401(k), employee stock purchase plans, qualified and non-qualified employee stock options, phantom stock
plans, or other equity-based compensation plans routinely provide an explanation of the tax consequences of various transactions to affected employees.
Some phantom stock
and performance plans can help, making it difficult for management to continually defer promised performance gains into the outer years of "hockey stick" plans.