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. ¡ª Also termed shadow stock plan. [Cases: Pensions 28. C.J.S. Pensions and Retirement Plans and Benefits ¡ì¡ì 11¨C15.]
What is the legal equivalent of the term PHANTOM STOCK PLAN in Chinese?
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