Employee Benefit Trust Deed
Produced in partnership with Jeremy Glover of Reed Smith
Employee Benefit Trust Deed

The following Share Incentives precedent produced in partnership with Jeremy Glover of Reed Smith provides comprehensive and up to date legal information covering:

  • Employee Benefit Trust Deed
  • Background
  • 1 Definitions
  • 2 Employees’ share scheme
  • 3 Discretionary trusts
  • 4 The Plans
  • 5 General powers of investment
  • 6 Additional powers
  • 7 Power to pay duties and taxes
  • 8 Exercise of Trustees’ powers and discretions
  • More...

This DEED is made on [insert date on which this deed is executed by all parties]


  1. 1

    [Insert name of Company] whose registered office is at [insert address of registered office] and whose registered number is [insert registered number of Company] (the Company); and

  1. 2

    [Insert name of Trustee] whose registered address is at [insert address] [and whose registered company number is [insert registered company number of Trustee]] (the Original Trustee).


    1. (A)

      The Company wishes to establish a trust to be known as the [insert name of EBT] with a view to encouraging, motivating and retaining Employees working for Group Companies by providing benefits to such Employees and their dependants.

    1. (B)

      The Company has paid to the Original Trustee the sum of £[insert initial settlement amount] as the initial Trust Fund.

    1. (C)

      It is envisaged that the Trustees will hold the Trust Fund on the trusts declared in this Deed for the benefit of the Beneficiaries, exercising such powers and duties as set out in this Deed.

    1. (D)

      It is envisaged that further property will be added to the initial Trust Fund from time to time by Group Companies to augment the principal, to be administered and disposed of by the Trustees as provided for in this Deed.


    1. 1


      1. 1.1

        In this Deed (including in the Background) wherever the context permits the expressions below shall have the following

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