Phantom Stock Plans Refer to Stock Plans That Provide

Multiple Choice

Phantom stock plans refer to stock plans that provide .

A) shares of stock for the achievement of predetermined financial targets such as profit or growth in earnings per share
B) shares without cost to the executive so that the employee can sell the stock but is restricted from do so for a set period of time
C) units instead of shares of company stock. Then at some point in the future, they receive value (usually in cash) equal to the appreciation of the units they own
D) permit the recipient to exercise the stock option or to take any appreciation in the stock price in cash, stock, or some combination of these
E) the option to purchase stock at a stated price, usually the fair market value at the time of the grant