The following Share Incentives guidance note provides comprehensive and up to date legal information covering:
Produced in partnership with Jeremy Glover of Reed Smith
This DEED is made on [insert date on which this deed is executed by all parties]
[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
[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).
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.
The Company has paid to the Original Trustee the sum of £[insert initial settlement amount] as the initial Trust Fund.
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.
It is envisaged that further property will be added to the initial Trust Fund from time to
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