Board minutes—approving the adoption of a CSOP and the grant of CSOP options

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  • Board minutes—approving the adoption of a CSOP and the grant of CSOP options

Board minutes—approving the adoption of a CSOP and the grant of CSOP options

[insert name of company adopting the CSOP] (Company)—[insert Company number]

Minutes of a meeting of the[ remuneration committee of the] board of directors of the Company held at [insert place of meeting] on [insert date of meeting] at [insert time of meeting].

Present[insert name of director to be Chair] (the Chair)
[insert names of directors present]
In attendance[insert names of those in attendance]
Apologies[insert names of directors who are unable to attend meeting]
    1. 1

      Notice and quorum

      [insert name of Chair] was appointed Chair of the meeting. It was reported that proper notice of the meeting had been given in accordance with the Company's articles of association (Articles) and that a quorum was present. Accordingly, the Chair declared the meeting open.

    1. 2

      Purpose of meeting

      The Chair reported that the purpose of the meeting was to consider and, if thought fit, approve:

      1. 2.1

        the adoption of the [insert name of CSOP] (CSOP); and

      1. 2.2

        the grant of options over [insert number and class of shares CSOP options are being granted over] shares of £[insert nominal value of shares] each in the capital of the Company (Shares) pursuant to the CSOP (Options) to employees of the Company (Option Holders) as set out in the attached schedule (Schedule).

    1. 3

      Directors’ duties and declarations of interest

      1. 3.1

        The

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