Q&As

Can an option still be EMI qualifying if no working time declaration was signed?

read titleRead full title
Published on LexisPSL on 11/10/2019

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

  • Can an option still be EMI qualifying if no working time declaration was signed?

In order for an employee to be eligible for the grant of an enterprise management incentives (EMI) option, their average amount per week of committed time must equal or exceed 25 hours a week or, if less, 75% of their working time.

Employees are also obliged to sign a declaration confirming that they meet this working time requirement. One copy of the declaration must be retained by the employer company (which must produce it to HMRC within seven days of any request to do so) and another copy must be given to the employee within seven days of the employee signing it. In addition, when the company

Related documents:

Popular documents