Offer of Continued Employment with Phantom Equity
Price $15.00
Document Id : 1056
Employers, provide incentives to a valued employee with this
Offer of Continued Employment with phantom equity. Provisions of the employment offer include:
- The employment will continue at the current rate of compensation, with bonuses paid from surplus profit distribution.
- The employee will be paid "phantom equity" compensation if the company is sold or undergoes a change of control.
- The phantom equity will consist of a percentage of the proceeds of the sale and will be subject to applicable employee source deductions.
- Also contains employee confidentiality, non-solicitation and non-competition provisions.
This generic offer of employment is provided in MS Word format, and is totally editable to meet your specific circumstances.
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