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

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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.

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