The following Share Incentives precedent provides comprehensive and up to date legal information covering:
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]
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.
Purpose of meeting
The Chair reported that the purpose of the meeting was to consider and, if thought fit, approve:
the adoption of the [insert name of EMI scheme] (EMI Scheme), and
the grant of share options over [insert number and class of shares EMI options are being granted over] shares of £[insert nominal value of shares] each in the capital of the Company (Shares) pursuant to the EMI Scheme (Options) to employees of the Company (Option Holders) as set out in the attached schedule (Schedule).
Directors’ duties and declarations of interest
The directors were reminded that they needed to comply with their
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