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.

This Offer of Continued Employment with Phantom Equity is provided in MS Word format, and is totally editable to meet your specific circumstances.