Incentive Agreement Template for Australia

1. Clawback Provisions: Used for executive incentives where recovery of paid incentives may be required

2. Equity Components: Required if the incentive includes shares, options or other equity-based elements

3. Team Performance Metrics: Needed for group-based incentive schemes

4. Non-Compete and Non-Solicit: Important for sales-based incentives or senior roles

5. Deferral Arrangements: Used when part of the incentive payment is deferred

6. International Considerations: Required if the incentive scheme operates across multiple jurisdictions

7. Change of Control: Important for executive incentives or long-term schemes

8. Good/Bad Leaver Provisions: Relevant for equity-based incentives or long-term schemes

1. Performance Criteria Schedule: Detailed metrics, targets and calculation methodologies

2. Payment Schedule: Timeline and structure of payments

3. Worked Examples: Examples showing how incentive calculations work in practice

4. Pro-forma Calculations: Templates for calculating incentive payments

5. Equity Plan Rules: If relevant, the rules governing any equity component

6. Tax Treatment Summary: Detailed explanation of tax implications and treatments

7. Approval and Sign-off Process: Documentation of required approvals for incentive payments