Jeremy Glover (Share Schemes)

Jeremy is a senior incentives lawyer who has over 18 years' experience advising businesses on their employee and executive incentives and share plans. Jeremy's practice focuses on the field of remuneration, executive pay, employee share plans and management buyouts. Jeremy advises a broad range of clients including multinationals, quoted companies, privately owned companies (family, owner-managed businesses, venture capital backed and private equity backed). He also provides specialist expert advice to other professional advisers such as accountants, tax advisers and remuneration consultants for their clients. Jeremy has worked in private practice and in-house and enjoys advising clients using the benefit of both perspectives. Jeremy used to head up the incentives practices at Reed Smith LLP, Stephenson Harwood LLP and the Entrepreneurial Group at EY in London. Jeremy is now a senior consultant to a number of law and accounting firms including Reed Smith LLP, PWT Advice LLP and Jurit LLP. Jeremy is also the CEO of start-up 6S Infinity LLP which, inter alia, provides legal documentation services. Jeremy has a first class LLB from Exeter University and a first class MBA from Cass Business School.

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Trustee power of attorney

Precedents

This precedent is for a trustee of an EBT to be able to delegate specific powers which it has under the relevant trust deed in relation to a proposed takeover or other significant share sale transaction. It provides limited authority to an individual attorney to effect the sale. Generally the trustee will want to limit the scope of the attorney's powers to what is strictly necessary to enable the sale of the EBT shares to the buyer.

Share Incentives

Checklist for establishing an EBT

Checklists

This is a checklist of the main items that must be considered before setting up an employee benefit trust (EBT) and immediately following the establishment of the EBT. It assumes that the company has already made the decision to set up the EBT, having taken appropriate advice on this. For further details on EBTs more generally, see Practice Note: What is an employee benefit trust? and for a more detailed examination of the main steps and potential issues involved with establishing an EBT, see Practice Note: Setting up an employee benefit trust. For a copy of an EBT trust deed, see Precedent: Employee Benefit Trust Deed.Confirmed?1. Timing1A: Confirmation that a decision has been made that the EBT should be established now. The alternative may be that the EBT could be set up at a later date, eg closer to vesting or exercise of share awards. For issues associated with this, see Precedent: EBT Operating Agreement.□1B: Confirmation that a decision has been made regarding whether the trustee of the EBT should

Share Incentives

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