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             Term of the Day - August 26, 2004 
              http://www.investopedia.com
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Term of the Day: Phantom Stock Plan
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An employee benefit plan that gives selected employees 
(senior management) many of the benefits of stock ownership 
without actually giving them any company stock. Sometimes 
referred to as a shadow stock. 


Investopedia Says:
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Rather than getting physical stock, the phantom stock is 
"pretend." However, it follows the actual price movement of 
the company stock, paying out profits as cash or check. 


Related Links:
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Article: Company Stock Options - The Real Story
http://www.investopedia.com/articles/01/120601.asp


Related Terms:
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Employee Contribution Plan
http://www.investopedia.com/terms/e/employeecontributionplan.asp

Employee Stock Option
http://www.investopedia.com/terms/e/eso.asp

Golden Handcuffs
http://www.investopedia.com/terms/g/goldenhandcuffs.asp

Stock
http://www.investopedia.com/terms/s/stock.asp

Stock Option
http://www.investopedia.com/terms/s/stockoption.asp



Have a great day!

The Investopedia Staff
http://www.investopedia.com


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