Phantom stock is an employee compensation plan where employees receive cash payouts based on the company’s stock value, without owning actual shares. This incentivizes employees by aligning their interests with the company’s goals. Our attorney can assist by drafting and reviewing phantom stock agreements, advising on tax implications and regulatory requirements, and provide ongoing legal support to manage the plan effectively.
What are the Amendments to the Department of Financial Services Cybersecurity Regulations?
Recently, the New York State Department of Financial Services (NYSDFS) amended the annual notification requirements under the Cybersecurity...