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Phantom Stock Plans

  By Craig Watrous Companies interested in offering incentive-based compensation to attract and retain top-level talent have several options for their employees, but phantom stock options allow a company to offer such compensation without offering equity–an option with potential, often significant and overlooked potential downsides. In arrangements where a company grants an employee equity, a…

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8 MSA Negotiation Fundamentals for Subcontractors

By Craig T. Watrous: Here is a short list of 8 items for the subcontractor to consider when negotiating in its Master Services Agreements (MSAs) with the owner/general contractor. 1. Standard of Care.  A specific standard of care should be spelled out in the MSA.  Leaving your work open to the  “satisfaction” of the general/owner is…

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