A method of stock payment to directors and executives of a company, deferred shares are deposited into a locked account. The value of these shares fluctuates with the market and cannot be accessed by the beneficiary for the purpose of liquidation until they are no longer employees of the company or a particular date has past and the employee is considered fully vested with the company. they are paid last after preference and equity shares in process of bankruptcy...
now if you are clear with it then search for Phantom Shares....
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