Incentive Agreement Template for Belgium

1. Clawback Provisions: Used for senior positions or when required by corporate governance, allowing recovery of paid incentives under specific circumstances

2. Non-Competition: Required for senior employees or when incentives are particularly substantial

3. Equity Components: Included when the incentive includes stock options or other equity-based elements

4. International Aspects: Required when the employee works across multiple jurisdictions

5. Good/Bad Leaver Provisions: Used when the incentive scheme needs to differentiate between different types of employment termination

6. Data Protection: Required when the incentive scheme involves significant personal data processing

7. Change of Control: Included for senior positions or when corporate transactions might affect the incentive scheme

1. Performance Metrics Schedule: Detailed description of all performance indicators and measurement methodologies

2. Calculation Examples: Practical examples showing how the incentive will be calculated in different scenarios

3. Payment Schedule: Detailed timeline of payments and any applicable deferral periods

4. Target Setting Methodology: Explanation of how performance targets are set and adjusted

5. Group Structure: If relevant, diagram showing the corporate structure affecting the incentive scheme

6. Tax Treatment Summary: Detailed overview of the tax and social security treatment of different incentive components