Products tagged with 'phantom equity plan'
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Offer of Continued Employment with Phantom Equity
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.
- This template is provided in MS Word format and is totally editable to meet your specific circumstances.
- This is a generic form that can be used in many jurisdictions.
$17.99
Provisions to Create Phantom Partnership Interests
Create phantom partnership interests for persons who have made significant contributions by adding these provisions to your Partnership Agreement.
- Phantom partnership units can be issued to employees, professional advisors, consultants and other parties whose contributions have been a significant factor in the business' success.
- Each holder of phantom units is deemed included as a partner, and is entitled to distributions to partners, notwithstanding that s/he is not actually a partner.
- Phantom units cannot be transferred without the consent of the General Partner.
- This form is available in MS Word format.
$2.29 $1.99
