Q&As

Can a company (with agreement from their employee) reduce their employee's annual salary by £x if they give the employee a new Z share that yields £x per annum?

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Published on LexisPSL on 26/04/2016

The following Share Incentives Q&A provides comprehensive and up to date legal information covering:

  • Can a company (with agreement from their employee) reduce their employee's annual salary by £x if they give the employee a new Z share that yields £x per annum?

As long as the company obtains agreement from their employee, the employee’s annual salary can be changed. No change can be made unilaterally by the company. The ability to reduce the employee’s annual salary is subject to the change not resulting in the salary falling below the National Minimum Wage.

The shares issued

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