PHANTOM OPTION AGREEMENT

This Phantom Option Agreement (the "Agreement") is entered into on this ___ day of _______, 20, by and between:

1. [Company Name], a company duly incorporated under the laws of the Republic of Cyprus, with its registered office at [Company Address] (hereinafter referred to as the "Company"); and
2. [Recipient's Name], residing at [Recipient's Address], providing services to the Company as an independent contractor (hereinafter referred to as the "Phantom Option Holder").

RECITALS

WHEREAS, the Company seeks to reward the Phantom Option Holder for their contributions by granting a right to participate in certain financial proceeds of the Company;

WHEREAS, the Phantom Option Holder agrees to receive proceeds under this Agreement as payments for services rendered to the Company, invoiced in accordance with their existing contractor relationship;

NOW, THEREFORE, in consideration of the mutual covenants set forth herein, the parties agree as follows:

1. Grant of Phantom Option

1.1 The Company grants the Phantom Option Holder the right to receive 2% (two percent) of the following proceeds, collectively referred to as the "Eligible Proceeds":
(a) Company Sales Proceeds: Any proceeds resulting from the sale of the entire Company.
(b) Asset Deal Proceeds: Any proceeds received by the Company from the sale of its product(s) or assets.
(c) Dividend Share Proceeds: Any declared dividend, where the Phantom Option Holder’s share shall be deducted from the dividend pool prior to distribution to technical shareholders.

1.2 The Phantom Option does not constitute an ownership interest, voting rights, or equity participation in the Company.

2. Payment of Eligible Proceeds

2.1 Contractor Invoicing: Any payment to the Phantom Option Holder under this Agreement shall be processed as a payout for services rendered under their contractor relationship with the Company. The Phantom Option Holder shall issue an invoice for the agreed amount, and the Company shall make the payment to the designated account as per the terms of the invoice.

2.2 Timing of Payment: Payments shall be made within 30 days of the occurrence of the following:
(a) For Company Sales Proceeds, upon receipt of payment by the Company following a sale.
(b) For Asset Deal Proceeds, upon receipt of payment by the Company for the sale of the relevant product(s) or asset(s).
(c) For Dividend Proceeds, upon formal declaration of dividends by the Board of Directors.

2.3 Taxes and Deductions: The Phantom Option Holder shall be solely responsible for any taxes, social contributions, or other obligations arising from payments made under this Agreement, in accordance with applicable laws.

3. Conditions for Payment

3.1 The Company’s obligation to pay any Eligible Proceeds is contingent upon:
(a) The Phantom Option Holder’s active provision of services to the Company as a contractor.
(b) The occurrence of an event generating the Eligible Proceeds as defined in Clause 1.1.

3.2 The decision to declare and pay dividends is solely at the discretion of the Board of Directors, and no entitlement to dividend proceeds arises without such a declaration.

4. Termination of Phantom Option

4.1 The Phantom Option shall automatically terminate upon the earliest of the following:
(a) Termination of the Phantom Option Holder’s contractor relationship with the Company, unless otherwise agreed in writing.
(b) The dissolution or liquidation of the Company, except in the case of a sale or asset transfer event.

4.2 Any accrued rights of the Phantom Option Holder up to the date of termination shall remain enforceable.

5. Confidentiality and Non-Disclosure

The Phantom Option Holder agrees to maintain confidentiality regarding the terms of this Agreement and any information related to the Company’s business, financials, and operations.

6. Miscellaneous

6.1 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the Republic of Cyprus.
6.2 Entire Agreement: This Agreement constitutes the entire agreement between the parties regarding its subject matter and supersedes any prior agreements or understandings.
6.3 Amendments: Any amendments to this Agreement must be made in writing and signed by both parties.
6.4 Dispute Resolution: Any disputes arising from this Agreement shall be subject to the exclusive jurisdiction of the courts of Cyprus.

EXECUTION

For the Company:

Name: ______________________
Title: ______________________
Date: ______________________

For the Phantom Option Holder:

Name: ______________________
Date: ______________________

Мысли о механизме фантомных опционов

Я, конечно, не эксперт, но механизм мне как админу компании очень удобен и вот почему:

• Ты не связан процессом выдачи акций человеку, ибо в реалиях 2024 года и нашего общего рабоче-крестьянского происхождения, порой "нежелательная прописка" у вашего ценного человека может навредить всей компании с точки зрения работы банковских счетов
• К примеру, на Кипре теперь ежегодно надо подавать инфу обо всех акционерах, и если они не подадут вовремя, то штраф 30 евро в сутки (было 100) вплоть до 5000 евро на компанию
• Купля-продажа акций - дорогостоящий геморрой, еще и долгий (месяца-два не исполнение) намного проще отправлять обещанные деньги просто по договору услуг - такое банки легче пропускают и все можно провернуть за пару дней

Как был создан этот драфт

Я его показал юристу и договор этот норм. А сделал я его в ChatGPT используя следующий промпт:

Я хотел этим показать, что бывают несложные договоры, на которые если вы читаете мой канал и блог и грамотно умеете ставить задачу, то чатгпт умеет делать топчик договоры.

Шарьте, если нравится.

Ну а выплачивать proceeds вашей команде как их ежемесячные вознаграждения, так и долю в прибыли или экзите, вы можете с главным споносором канала «Венчур по Понятиям» 4dev.com.

С помощью 4dev.com вы можете платить сотрудникам в любой точке мира и мгновенно получать закрывающие документы по каждой выплате.

• Отправляйте деньги своим разработчикам, дизайнерам или маркетологам в 100+ стран
• Автоматически получайте закрывающие документы, которые соответствуют международным стандартам
• Работайте с европейской компанией 4dev.com

Вы это можете делать в одиночку как фаундер или дать это вашему ответственному сотруднику, который без труда с этим справится, даже если у вас нет своего отдела бухгалтеров и юристов.

4dev.com

Плати сотрудникам без головной боли и ограничений