When my offer was made over the phone, the compensation package included an annual "management grant" that increases with my salary. He also used the phrase "value-based stock," but told me the value as a dollar amount rather than a number of shares. It was not included in my offer letter, and I was told in response to a follow-up inquiry that they never include it in the letter, but that I would get a separate Fidelity account when I start. I've had trouble getting clarification about what exactly this form of compensation is, but in Googling value-based stock I see results related to phantom shock. Could they be the same? #tc #stock
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“Thank you, I am unable to consider any part of the compensation, which is not listed in the offer letter”. Then mentally count it as zero
If the company is public, it is probably shares valued at X dollars at the time of grant. So if the stock goes up from there you gain value by the time you vest. But the amount can't be determined until granting.
If it's not in writing, it might well not exist.
It may be a cash-based long-term incentive plan, where you receive “cash units” that vest over time.
Probably means you get a dollar amount in stock vs a number of shares. However I would definitely get whatever it is in writing.