1. Change of Control: Provisions dealing with company sale, merger, or reorganization - include if company anticipates such events

2. Non-Competition and Non-Solicitation: Restrictive covenants - include if company wishes to impose additional restrictions on option holders

3. Shareholder Rights: Clarification that phantom stock holders have no actual shareholder rights - include if there's risk of misunderstanding

4. Dispute Resolution: Specific arbitration or mediation procedures - include if standard court jurisdiction is not preferred

5. Currency Provisions: Include if payments might be made in multiple currencies or if exchange rate considerations are relevant

6. Clawback Provisions: Include if company wants right to recoup payments under certain circumstances

7. Administrative Committee: Include if program will be overseen by specific committee rather than management

1. Schedule A - Grant Notice: Specific details of the option grant including number of units, grant date, and vesting schedule

2. Schedule B - Valuation Methodology: Detailed formula and procedures for calculating phantom stock unit value

3. Schedule C - Exercise Notice Form: Template form for option holder to exercise phantom stock options

4. Schedule D - Beneficiary Designation Form: Form for designating beneficiaries in case of option holder's death

5. Appendix 1 - Tax Treatment Summary: Overview of applicable tax treatment under UAE law

6. Appendix 2 - Phantom Stock Plan Terms: Reference to or summary of the overall phantom stock plan under which the agreement is granted