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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.
- Standard employee confidentiality, non-solicitation and non-competition provisions.
Download: Offer of Continued Employment with Phantom Equity
Related Forms:
- Employee Stock Purchase Plan by Interest Free Loan
- Purchase Money Promissory Note for Employee Share Purchase
- Stock Equivalent Agreement for Employee
Related Categories:
- Downloadable Legal Forms > Stock Option and Incentive Plans
- Downloadable Legal Forms > Employment Forms
More: FormsHound.com
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