ºÚÁÏÊÓƵ

All Countries
Mergers & Acquisitions
Phantom Shares Agreement

Phantom Shares Agreement Template for Ireland

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Phantom Shares Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Phantom Shares Agreement

"I need a Phantom Shares Agreement for our Irish tech startup to grant phantom shares to five senior developers, with vesting over 4 years starting March 2025, and including specific provisions for an IPO event."

Celebrated by
Collaborations with
Investors
Document background
The Phantom Shares Agreement is designed for Irish companies seeking to implement equity-based incentive schemes without diluting existing shareholdings. This document type is particularly valuable when actual share issuance is impractical due to corporate structure, shareholder restrictions, or strategic considerations. The agreement establishes synthetic equity rights that track the value of company shares, providing employees with financial benefits similar to share ownership while maintaining the company's existing ownership structure. It includes comprehensive provisions for grant terms, vesting conditions, valuation methodologies, and payment mechanisms, all structured to comply with Irish corporate, employment, and tax law requirements. The Phantom Shares Agreement is commonly used in private companies, subsidiaries of multinational corporations, and organizations where traditional share schemes may be complex or undesirable.
Suggested Sections

1. Parties: Identification of the company and the recipient of phantom shares

2. Background: Context of the agreement and overview of the phantom share arrangement

3. Definitions: Key terms used throughout the agreement, including 'Phantom Shares', 'Valuation Date', 'Exercise Price', etc.

4. Grant of Phantom Shares: Details of the number of phantom shares granted and their initial reference value

5. Vesting Schedule: Timeline and conditions for the phantom shares to vest

6. Valuation Mechanism: Method for determining the value of the underlying shares and consequently the phantom shares

7. Payment Terms: Timing and method of payments, including any applicable caps or floors

8. Tax Provisions: Treatment of tax implications and responsibilities for tax payments

9. Termination Provisions: Effects of employment termination on phantom share rights

10. Confidentiality: Obligations regarding the confidentiality of the agreement and scheme details

11. Assignment and Transfer: Restrictions on transfer or assignment of phantom share rights

12. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction for disputes

Optional Sections

1. Performance Conditions: Additional conditions tied to company or individual performance that affect vesting or payment

2. Change of Control: Special provisions for company sale or merger scenarios

3. Clawback Provisions: Terms allowing the company to recoup payments in specific circumstances

4. Non-Competition and Non-Solicitation: Restrictive covenants linked to the phantom share grant

5. Multiple Classes: Provisions for different classes of phantom shares with varying rights

6. Plan Administration: Details of how the phantom share scheme will be administered, needed if part of a larger plan

7. Dispute Resolution: Alternative dispute resolution procedures if preferred over court jurisdiction

8. Data Protection: Specific provisions regarding handling of personal data under GDPR

Suggested Schedules

1. Schedule 1 - Grant Details: Specific details of the phantom share grant including number of shares, reference price, and vesting dates

2. Schedule 2 - Valuation Methodology: Detailed methodology for calculating the value of phantom shares

3. Schedule 3 - Vesting Schedule: Detailed breakdown of vesting dates and conditions

4. Schedule 4 - Payment Calculation Examples: Illustrative examples of how payments will be calculated

5. Appendix A - Tax Treatment Summary: Summary of tax implications and treatment of payments

6. Appendix B - Definitions of Financial Metrics: Detailed definitions of any financial metrics used in valuation or performance conditions

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























































Clauses



































Relevant Industries

Technology

Financial Services

Professional Services

Manufacturing

Healthcare

Retail

Construction

Energy

Telecommunications

Media and Entertainment

Biotechnology

Real Estate

Software Development

Consulting

Relevant Teams

Human Resources

Legal

Finance

Executive Leadership

Corporate Development

Compensation and Benefits

Risk Management

Tax

Compliance

Corporate Governance

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Managing Director

Senior Executive

Department Head

Senior Manager

Key Employee

Executive Director

Vice President

Regional Manager

Division Head

Senior Advisor

Technical Director

Sales Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Option Agreement Shares

An Irish law-governed agreement granting rights to purchase company shares at a predetermined price and timeframe, subject to specified conditions and local regulations.

find out more

Phantom Shares Agreement

An Irish law-governed agreement establishing phantom share rights that mirror company share value without transferring actual ownership.

find out more

Share Surrender Agreement

An Irish law-governed agreement documenting the voluntary surrender of shares by a shareholder back to the company, including terms, conditions, and completion requirements.

find out more

Inventory Stocking Agreement

Irish law-governed agreement establishing terms for inventory storage and management between parties, including operational procedures and compliance requirements.

find out more

Share Transfer Agreement Private Company

An Irish law-governed agreement for the transfer of shares in a private company, documenting the terms and conditions of the share transfer between transferor and transferee.

find out more

Buffer Stock Agreement

An Irish law agreement governing the maintenance and management of buffer stock, including storage, operational, and regulatory requirements.

find out more

Share Profit Agreement

An Irish law-governed agreement establishing terms and mechanisms for profit sharing between business parties, including calculation methods and distribution rules.

find out more

Stock Power Agreement

An Irish law-governed agreement authorizing the transfer of share ownership from one party to another, complying with Irish Companies Act 2014 requirements.

find out more

Share Block Sale Agreement

An Irish law agreement governing the sale and purchase of a substantial block of shares in an Irish company, including transaction terms, warranties, and completion requirements.

find out more

Sale Of Shares Contract

An Irish law-governed agreement documenting the sale and purchase of shares in a company, including transaction terms, warranties, and completion requirements.

find out more

Stock Grant Agreement

An Irish law-governed agreement documenting the terms and conditions of granting company shares to employees or other recipients.

find out more

Business Shares Agreement

An Irish law-governed agreement detailing the terms and conditions for the sale, transfer, or subscription of shares in an Irish company.

find out more

Stock Redemption Agreement

An Irish law-governed agreement detailing the terms and conditions for a company's repurchase of its own shares from existing shareholders.

find out more

Partnership Share Transfer Agreement

An Irish law-governed agreement facilitating the transfer of partnership interests between partners, including transfer terms, warranties, and completion requirements.

find out more

Preferred Stock Purchase Agreement

An Irish law-governed agreement detailing the terms and conditions for the purchase of preferred shares, including investor rights and company obligations.

find out more

Share Ownership Agreement

An Irish law-governed agreement that establishes the terms and conditions of share ownership and shareholder relationships within a company.

find out more

Share Cancellation Agreement

An Irish law-governed agreement documenting the terms and process for cancelling shares in a company's share capital, ensuring compliance with Irish corporate legislation.

find out more

Share Buyout Agreement

An Irish law-governed agreement documenting the terms and conditions for the purchase of shares from an existing shareholder.

find out more

Preliminary Share Purchase Agreement

An Irish law-governed preliminary agreement establishing key terms and conditions for a proposed share acquisition, serving as a framework for the final share purchase agreement.

find out more

Share Issue Agreement

An Irish law-governed agreement setting out terms and conditions for the issuance of new shares by a company to subscribers, ensuring compliance with Irish corporate law requirements.

find out more

Share Contribution Agreement

An Irish law-governed agreement documenting the contribution of shares from one party to another, typically used in corporate restructuring or investment transactions.

find out more

Share Buyback Agreement

An Irish law-governed agreement documenting the terms and conditions for a company's repurchase of its own shares from existing shareholders.

find out more

Stock Exchange Agreement

An agreement governing trading membership and operations on the Irish Stock Exchange (Euronext Dublin), subject to Irish and EU financial regulations.

find out more

Share Sale And Purchase Agreement

An Irish law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion mechanics.

find out more

Share Exchange Agreement

An Irish law-governed agreement facilitating the exchange of shares between companies, typically used in corporate restructurings and M&A transactions.

find out more

Share Swap Agreement

An Irish law-governed agreement facilitating the exchange of shares between parties, detailing swap terms, valuations, and regulatory compliance requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.