Phantom Stock Award Agreement Template for Netherlands

1. Performance Criteria: Additional vesting conditions based on company or individual performance metrics, used when the program includes performance-based vesting

2. Change of Control Provisions: Special provisions for phantom stock treatment in case of company sale or merger, relevant for companies anticipating potential M&A activity

3. Clawback Provisions: Terms for recouping payments under specific circumstances, particularly relevant for senior executives or regulated industries

4. Non-Competition and Non-Solicitation: Restrictive covenants tied to the phantom stock award, typically used for senior employees

5. Works Council Approval: Reference to works council approval if required under Dutch law, necessary when works council consultation was needed

6. International Tax Provisions: Special provisions for cross-border tax implications, relevant for international employees or companies

1. Schedule A - Phantom Stock Unit Details: Detailed breakdown of the phantom stock units granted, including grant date, number of units, and specific vesting dates

2. Schedule B - Valuation Methodology: Detailed explanation and examples of how phantom stock units will be valued, including specific formulas and calculation methods

3. Schedule C - Vesting Schedule: Detailed timetable of vesting dates and conditions, including any applicable performance criteria

4. Schedule D - Tax Treatment Examples: Illustrative examples of tax calculations and implications under different scenarios

5. Schedule E - Notice Forms: Template forms for various notices required under the agreement, such as exercise notices or termination notifications