A Phantom Stock Option is one form of stock option plan wherein the underlying value of the shares of the company is provided to the non-employee/employee i.e. the non-employee/employee is provided with a cash entitlement upon the occurrence of certain events and completion of certain timelines.

All employees in a company are eligible for this plan, similar to a 401(k). Even so, having an ESOP in place is like having a second set of owners that need to approve key decisions, such as selling the company. Phantom stocks are only given to a small percentage of employees.

If you have followed all the rules and regulations and have applied to Highway Administration with right documents and they have not provided you with a no objection certificate despite the fact your documents shuld have been granted a no objection certification, you shall file a writ petition at High Court under Article 226 of Constituition of India.

The Indian Contracts Act, no contract can be enforced on any person if the contract which is being enforced causes any harm to the person on whom it is enforced and if performed, it would violate principles of the natural justice. Employment is also a sort of contract and should be treated in the same manner.

The response can also be made by an agent authorized by the trademark applicant. This authorization is made by a Power of Attorney by the virtue of Form TM48 under the Trademarks Act, 1999. This response is called ÒReply to Examination ReportÓ. Affidavits and documents (as per requirements) should be submitted along with the Reply to the Examination Report.