Not exact matches
An alternative to giving employees direct ownership in the company is to distribute what is
called a
stock appreciation right or SAR, which is also known as «
phantom stock.»
Instead, they've created a legal device
called stock appreciation rights (SARs), a kind of
phantom stock that can be bought through payroll deductions and that pays off, according to a formula, when the employee retires or if the company is sold.
You will owe taxes on «income» you have not yet received (often
called «
phantom income»), and if your
stock later loses value or the company fails, you will have paid taxes on income you never received.