template

LTIP Acceptance Notice (Phantom And Cash-Settled Appreciation Rights)

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

This document is an Acceptance Notice for Phantom Shares and Cash-settled Share Appreciation Rights awarded under an LTIP.

Key issues covered in this template

  • Clawbacks
  • Granting phantom shares
  • Notice of grant
  • Plan rules
  • Tax liability
  • N/A

What to watch out for

  • The type of long-term incentive plan being used

  • The conditions under which the phantom shares or cash-settled share appreciation rights are awarded

  • The number of phantom shares or cash-settled share appreciation rights being awarded

  • The vesting schedule for the phantom shares or cash-settled share appreciation rights

  • The exercise price or strike price for the phantom shares or cash-settled share appreciation rights

  • The expiration date for the phantom shares or cash-settled share appreciation rights

2

Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

J
M
Consultancy
25%
Finance
25%
Legal Services
25%
Technology
25%

Additional information

Business categories

Business activities

Contract type

Relevant sectors

Finance

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes