Michael heads Osborne Clarke's UK Incentives team and has more than 20 years' experience of working with listed, private and global companies. He advises on all aspects of employee remuneration, with a particular focus on the design, drafting and implementation of share and cash incentive plans for both executives and all employees. Michael is ranked as a leading lawyer in his field in Chambers & Partners and was also listed as a 'Best Client Partner 2014' in a survey of FTSE 100 General Counsel for client service and satisfaction. Michael joined Osborne Clarke in November 2016 from Addleshaw Goddard, where he was head of their employee incentives group and, prior to that, a partner and head of the executive compensation practice at a Big Four accountancy firm.
'Michael is very approachable, obviously knowledgeable and attentive [and] feels like a member of our team.' Chambers UK (2015)
This Practice Note examines the implications of waiving or amending performance conditions in respect of subsisting share options and awards including those granted under tax-advantaged share plans such as enterprise management incentives (EMI) schemes, save as you earn (SAYE) schemes, company share option plans (CSOPs) and share incentive plans (SIPs). It looks at both the potential tax consequences in relation to tax advantaged plans of amending performance conditions of subsisting share options and awards as well as the contractual issues [which can arise in relation to all types of awards].
This Practice Note examines the implications of amending subsisting tax-advantaged share plans such as enterprise management incentives (EMI) schemes, save as you earn (SAYE) schemes and company share option plans (CSOPs). This Practice Note is written in partnership with Michael Carter and Dan Sharman of Osborne Clarke LLP.
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