Phantom Share Option Certificate (Private Company)
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
💷 Phantom share option certificateBusiness activity
Create a stock option schemeA phantom share option is a type of equity compensation that gives the holder the right to purchase shares at a set price at some point in the future. The shares do not actually exist until they are created or "born" at the time of the grant, and they are usually not transferable. Phantom share options are often used in startups and early-stage companies as a way to attract and retain employees.
Phantom share options are a type of equity incentive that provide individuals with the opportunity to benefit economically from the growth and success of a company without actual ownership or voting rights. This legal template establishes a contractual arrangement between the company and the individual, detailing the key provisions and requirements governing the phantom share options.
The template may cover various aspects such as the granting of the phantom share options, vesting period, exercise price, any performance or time-based conditions, the consequences of termination of employment or association, transferability of options, tax implications, and dispute resolution mechanisms. It may also set out the procedure for exercise and settlement of phantom share options, including the calculation and distribution of any cash or other benefits upon exercise.
By implementing this legal template, both the company and the recipients of phantom share options can have clear guidelines and certainty regarding their respective rights and obligations. It ensures a transparent and fair process for granting and exercising phantom share options, helping to align the interests of the company and its employees or associates in pursuing long-term growth and success.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Witness Statement Supporting Application To Extend Administrator's Appointment
The witness statement may include information regarding the current state of affairs, the reason behind the need for an extension, the value and importance of the administrator's expertise in the specific case, as well as any positive impacts achieved during the initial appointment. The statement can also demonstrate the administrator's ongoing effectiveness in managing and resolving complex issues, maintaining stability, and safeguarding the interests of all relevant parties involved.
This template aims to present a persuasive case to the appropriate judicial or administrative authority, emphasizing the necessity and benefits of extending the administrator's appointment. By providing comprehensive details and concrete examples through the witness statement, it helps to build a compelling argument for the extension of the administrator's term, ultimately ensuring the continued success and smooth progression of the matter at hand.
Publisher
Genie AIJurisdiction
England and WalesVideo Editor Contract
This Video Editor contract template is designed for a commercial video editing organisation (or an individual video editor) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of video editing and video-editing-related services to be completed by the video editor on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the video editing firm or individual video editor on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
