Q&As

Can an enterprise management incentives (EMI) option be granted unilaterally by the company?

read titleRead full title
Published on LexisPSL on 06/07/2018

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

  • Can an enterprise management incentives (EMI) option be granted unilaterally by the company?

Enterprise management incentives (EMI) options may be granted under a set of EMI share option scheme rules, or by way of a EMI standalone share option agreement, as long as the agreement is written and contains the following information:

  1. the date on which the option is granted

  2. that the option is granted under the provisions of Schedule 5 Parts 1–8 to the Income Tax (Earnings and Pensions) Act 2003

  3. the number, or maximum number of shares that may be acquired

  4. the price (if any) payable by the employee to acquire the shares, or the method by which the price will be determined

Popular documents