Directors Resolution to Authorize Employee Bonuses | Canada

Give your employees an opportunity to become shareholders in the company by setting up an Employee Stock Purchase Plan by Interest Free Loan.

• Interest-free loans are given to eligible employees of the company as an incentive to allow them to purchase shares of stock and participate in the business' future.
• Eligible employees sign a promissory note for repayment of the loan.
• The employee may pay the loan before maturity without bonus or penalty.
• A trustee will hold the shares in trust for the employee, and will release a certain percentage of the shares at each anniversary of the purchase date, provided that the employee is not in default of payments under the note.

Employees who are part of the company are more dedicated, more loyal and more engaged. Incentivize your staff with an Employee Stock Purchase Plan by Interest Free Loan.

Give your directors and employees an opportunity to buy shares with this non-plan Stock Option Agreement for Canadian companies.

• Stock options are valuable incentives for attracting and retaining great people to your organization.
• This form of Stock Option Agreement is for a company which does not have a stock option plan.
• In the event of retirement, disability or death of the optionee, the optionee's legal representative may exercise the option within 1 year.
• If the optionee is no longer employed by the company, the option will expire.
• If the company subdivides or reorganizes its capital, the option and the option price will be adjusted accordingly.

Employers, provide incentives to a valued employee with this Offer of Continued Employment with Phantom Equity.

• 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.
• The offer contains standard employee confidentiality, non-solicitation and non-competition provisions.