What does Phantom Stock Plan mean? Read on to discover the definition & meaning of the term Phantom Stock Plan - to help you better understand the language used in insurance policies.
Phantom Stock Plan
A phantom stock plan is an employee benefit that is often given to the upper echelon of a company as a form of incentive. It promises to give the employee an amount of money at a certain point, based on the rising value of company stocks.
We hope the you have a better understanding of the meaning of Phantom Stock Plan.