Phantom stock dividend plan.

Abstract

The Phantom Stock Dividend Plan is a method of sharing net profits with staff in the same way a stock holder in a company receives periodic dividends. The purposes of the plan are to reward the staff for creative talents and recommendations for improvements; to involve the staff in the concept of being partially responsible for increased profitability of the practice; to encourage long-term employment; and to base increases in staff remuneration on profits rather than simply on seniority. An example of the plan is presented which can be modified to fit different practice situations.