EMI standalone share option agreement

The following Share Incentives precedent provides comprehensive and up to date legal information covering:

  • EMI standalone share option agreement

EMI standalone option'>share option agreement

This Agreement is made on [insert date of execution of the share option agreement]

Parties

  1. 1

    [insert name of company whose shares are being granted under option] (registered number [insert registered number of company]) whose registered office is at [insert registered address of company] (the Company); [and]

  1. 2

    [insert name of option holder] of [insert address of option holder] (the Option Holder); [and]

  1. 3

    [[insert name of grantor (if different from company) of [insert address of grantor]] (the Grantor)]

Background

    1. (A)

      [The Company has agreed to grant to the Option Holder an Option to acquire Shares on the terms set out in this Agreement. OR The Company and the Grantor intend that the Option Holder be granted an Option to acquire Shares on the terms set out in this Agreement.]

    1. (B)

      The Option is intended to be a tax-advantaged EMI Option granted under the provisions of Schedule 5.

    1. (C)

      The Company is a qualifying company as defined in Part 3 of Schedule 5.

    1. (D)

      The Option is granted for commercial reasons in order to recruit or retain the Option Holder and not as part of a scheme or arrangement the main purpose, or one of the main purposes, of which is the avoidance of tax.

    1. (E)

      The Option Holder declares that the average time that they are required to work as an employee on the business of

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