ARTICLE
29 May 2020

Lexis Practice Advisor Features Phantom Stock & Unit Agreement Annotated Forms

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A&O Shearman

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A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
Partners Doreen E. Lilienfeld and Gillian Emmett Moldowan and associate Matthew Weston (all New York-Compensation, Governance & ERISA), authored annotated forms on Phantom Stock...
United States Government, Public Sector

Partners Doreen E. Lilienfeld and Gillian Emmett Moldowan and associate Matthew Weston (all New York-Compensation, Governance & ERISA), authored annotated forms on Phantom Stock Plans and Phantom Unit Agreements in Lexis Practice Advisor.

Phantom stock generally represents a company's unsecured and unfunded promise to make a payment to an employee or other service provider upon certain specified events (e.g., change in control or termination of employment) equal to the value of a specified number of shares of the company. Phantom unit award agreements are used to grant phantom units to an employee or other service provider under a phantom plan.

The annotated forms contain alternate clauses, practical guidance and drafting notes.

Read Phantom Stock Plan.

Read Phantom Unit Award Agreement.

Originally published 4 May, 2020

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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