Micklefield clause for use in an employment contract
Produced in partnership with Sam Whitaker of Shearman & Sterling
Micklefield clause for use in an employment contract

The following Share Incentives precedent produced in partnership with Sam Whitaker of Shearman & Sterling provides comprehensive and up to date legal information covering:

  • Micklefield clause for use in an employment contract

The employee may, during his employment, be granted rights upon the terms and subject to the conditions of the rules from time to time of [name of option/equity scheme] or any other profit sharing, share incentive, share option, bonus or phantom option scheme operated by the Company or any other Group Company with respect to shares in the Company or any other Group Company (Award). If:

  1. on termination of the employee’s employment (whether by the employee or the Company and, in each case, whether lawfully, unlawfully or in breach of contract), the employee loses any of the rights or benefits under such scheme[s], including but not limited to rights or benefits which the empl

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