Sweat Equity Term Sheet Template for Belgium

1. Non-Competition: Restrictions on competing activities, included when the service provider has access to sensitive information

2. Intellectual Property Rights: Specific IP provisions when the services involve creation of intellectual property

3. Board Participation: Terms for board representation if applicable to senior service providers

4. Tag-Along Rights: Rights to participate in future sale of shares, included for significant equity stakes

5. Drag-Along Rights: Obligation to participate in future sale of shares, included for significant equity stakes

6. Future Funding Provisions: Terms regarding dilution and participation in future funding rounds

7. Exit Strategy: Provisions regarding company sale or IPO, included for strategic positions

8. Alternative Dispute Resolution: Mediation or arbitration provisions if preferred over court proceedings

1. Schedule A - Services Description: Detailed outline of services to be provided and performance metrics

2. Schedule B - Vesting Schedule: Detailed timeline and conditions for equity vesting

3. Schedule C - Share Rights: Detailed description of rights attached to the shares

4. Schedule D - Company Cap Table: Current and post-investment capitalization table

5. Schedule E - Shareholders' Agreement Terms: Key terms from the shareholders' agreement that apply to the sweat equity shares

6. Appendix 1 - Tax Calculations: Illustrative tax calculations and implications

7. Appendix 2 - Required Notices: Forms and notices required under Belgian law for equity issuance