Stock Equivalent Agreement for Employee

Employers, use this Stock Equivalent Agreement to provide additional incentives and compensation to your employees as a reward for their ongoing contribution to the company's success.

The employee shall be paid deferred compensation each fiscal year based on the earnings per share of the company.
The deferred compensation will be paid on the 3rd anniversary of the last day of the fiscal year, the death, disability or retirement of the employee, or the employee's resignation from the company, whichever is first to occur.
The employee's right to receive deferred compensation is forfeited if the employee is terminated for cause.
Non-competition clause which states that the company is not obligated to make any payments if the employee is engaged in any activity which competes with the company.

This Stock Equivalent Agreement for Employee is provided in MS Word format, and is fully editable to suit your needs.