The following Share Incentives practice note provides comprehensive and up to date legal information covering:
This Practice Note covers the following topics in high level detail:
what are CSOPs?
the law governing CSOP options
the eligibility requirements:
which shares can CSOP options be granted over?
who can be granted CSOP options?
what must the exercise price be?
are there any limits on the grant of CSOP options?
CSOPs and group companies
when can CSOP options be exercised?
when do CSOP options lapse?
are there any restrictions in regard to the terms of a CSOP?
amending the terms of an CSOP option
tax treatment of CSOP options
income tax and National Insurance Contributions (NICs) treatment
exchange (rollover) of CSOP options
valuation of CSOP options
HMRC self-certification requirements
annual returns, and
CSOP options and corporate transactions
For further more detailed information on CSOPs, see Practice Notes:
CSOP—qualifying companies and qualifying shares
Who can be granted a CSOP option?
CSOP—when can the options be exercised?
CSOP—self certification, registration and filing requirements
CSOP—requirements for the options: performance conditions
CSOP—exchange of share options (rollover)
CSOP—income tax and NIC treatment of options, and
CSOP—CGT treatment and corporation tax treatment
Company share option plans (CSOPs) are discretionary share option schemes which can be operated on an all employee basis but which are usually used on a selective basis.
If the statutory provisions are met, favourable treatment can result.
Options can be awarded over
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