Enterprise Management Incentives ('EMI') schemes are tax-advantaged options granted by a qualifying company for commercial reasons in order to recruit or retain an employee1. A number of conditions must be satisfied in relation to the employee, the option and the granting company. To be eligible the employee must work for the company for either 25 hours per week or 75 per cent of his or her working time, whichever is less2, and must not own a material interest in the company3. An employee may be granted a maximum value of £250,000 of EMI options in any three-year period, with
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