Phantom Stock Plan - Law Dictionary Search Results
Home Dictionary Name: phantom stock planphantom stock plan
phantom stock plan : a form of executive compensation in which an employee is granted units representing shares of stock which are redeemable at a specified future date for the market value of an equivalent number of corporate shares but which in the interval are nontransferable, have no cash value, and confer none of the noneconomic rights (as voting) conferred by ordinary stock ...
employee stock ownership plan (esop)
employee stock ownership plan (esop) An employer-provided benefit that allows employees to purchase stock in the company under certain favorable terms ...
stock option plan
stock option plan : a form of deferred compensation that allows an employee to buy corporate stock at a set price (as the prevailing market price at the time of the contract) at any time (as when the market price has risen) during a designated number of years ...
employee stock ownership plan
employee stock ownership plan : esop ...
stock bonus plan
stock bonus plan : a form of deferred compensation that is funded by employer contributions of corporate securities with dividends usually reinvested ...
stock options
stock options A type of retirement plan in which employees have the opportunity to purchase stock in the company for which they work ...
stock
stock 1 a : the equipment, materials, or supplies of a business b : a store or supply accumulated ;esp : the inventory of the goods of a merchant or manufacturer 2 : the ownership element in a corporation usually divided into shares and represented by transferable certificates ;also : the certificate evidencing ownership of one or more shares of stock capital stock 1 : the stock that a corporation may issue under its charter including both common and preferred stock 2 : the outstanding shares of a joint stock company considered as an aggregate 3 : capitalization common stock : a class of stock whose holders share in company profits (as through dividends) on a pro rata basis, may vote for directors and on important matters such as mergers, and may have limited access to information not publicly available cumulative preferred stock : preferred stock whose holders are entitled to the payment of cumulative dividends as well as current dividends before common stockholders are ...
Plan
Plan. In the (English) Copyright Act, 1911, 'literary work' includes 'plans' (s. 35); and see also as to plans, s. 2, sub-s. (1) (ii). see COPYRIGHT. Under various Acts, plans have to be deposited with local authorities for various purposes. If the local authority neglects to pass the plans the remedy is by mandamus, Davis v. Bromley Corporation, (1908) 1 KB 170 and R. v. Cambrdige Corporation, (1922) 1 KB 250. As to a purchaser's right to have the property conveyed to him by reference to a plan on his conveyance, see Re Sansom, (1910) 1 Ch 741; Re Sparrow, ib. 2 Ch 60, and as to maps as evidence, Storey v. Eastborune R.D.C., (1927) 1 Ch 367.Under the Land Registration Act, 1925, s. 76, land may be described by description on a map or plan. For the practice of the Land Registry, consult The Land Registry General Map, by W.S. Tratman, and LR Rules, 272-285.As to the property in plans, see ARCHITECT.In common acceptation mean 'a drawing or diagram made by projections on a horizontal plan...
Planning
Planning, as that term is used in connection with community development is a generic term, rather than a word of art, and has no fixed meaning. Broadly speaking, however, the term connotes the systematic development of a community or an area with particular reference to the location, character, and extent of streets, squares, and parks, and to kindred mapping and charting, American Jurisprudence, 2nd (Vol. 82, at p. 388).Planning, connotes a systematic development contrived to promote the common interest in matters, embraced within the police power, with particular reference to the localities, character, and extent of streets, squares, parks, and to kindred mapping and charting, Manaklal Chottebai v. M.G. Makwana, (1968) 1 SCJ 379.Laws dealing with development planning are indis-pensable to sanitation and healthy urbanization. Development planning comprehensively takes care of statutory, manual, administrative and land-use laws hand in hand with architectural creativity. In the words o...
Stock certificates
Stock certificates. By the National Debt Act, 1870, it is provided that a holder of British Government Stock may obtain a stock certificate; that is to say, a certificate of title to his stock or any part thereof, with coupons annexed, entitle in the bearer of the coupons to the dividends on the stock (s. 26); that a certificate shall not be issued in respect of any sum of stock not being 50l., or a multiple of 50l., or exceeding 1000l. (s. 28); that a trustee of stock shall not apply for or hold a stock certificate, unless authorized to do so by the terms of his trust (s. 29); that no notice of any trust in respect of any certificate or coupon shall be receivable (s. 30); that where a stock certificate is outstanding the stock represented thereby shall cease to be transferable in the Bank books (s. 31); that a tock certificate, unless a name is inscribed thereon, shall entitle the bearer to the stock therein described, and shall be transferable by delivery (s. 32). The Act also contai...
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