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💷 Acceptance notice

💷 Acceptance notice

About this category

A notice of acceptance is a document that is provided to an individual to signify that their offer to enter into a contract has been accepted. This notice outlines the terms of the contract that have been agreed upon and sets forth the expectations of both parties.

💷 Acceptance notice

templates

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

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

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
    • Contract template sketch
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    12
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    Publisher

    Genie AI

    Jurisdiction

    England and Wales

    Use this template

    LTIP Acceptance Notice (Conditional Shares And Share Settled Appreciation Rights)

    This document is an acceptance notice for conditional shares and share-settled share appreciation rights awarded under an LTIP (long term incentive plan).

    What to watch out for

  • The number of shares or share
  • settled rights being awarded
  • The conditions attached to the shares or rights
  • The period over which the shares or rights can be earned
  • The performance criteria that must be met in order to earn the shares or rights
  • The vesting schedule for the shares or rights
  • The tax implications of the shares or rights
    • Contract template sketch
    5
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    8
    Share icon, to represent the number of times this template has been shared by Genie AI users
    0
    Publisher

    Genie AI

    Jurisdiction

    England and Wales

    Use this template

    Associated business activities

    Award phantom shares

    1. An acceptance notice is a formal document that signals an individual's intention to accept an offer of employment. 2. An acceptance notice may also be used to confirm an individual's acceptance of an offer of phantom shares. 3. An acceptance notice can provide legal protection for an individual in the event that the offer of phantom shares is later withdrawn.

    Award long-term incentive plan

    If someone is looking to award a long-term incentive plan, they may want to use an acceptance notice in order to ensure that the recipient understands the terms of the plan and agrees to them. This can help to prevent any misunderstandings or disputes down the line. Additionally, an acceptance notice can help to protect the person awarding the incentive plan, as it can show that they took steps to ensure that the recipient knew what they were agreeing to.

    Legal firms who might be able to help

    Note: Although we list lawyers as well as legal firms who may be able to help, this does not indicate that the listed law firms have an affiliation or partnership with Genie AI.

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