Hedging Agreement for the Delivery of Shares
Produced in partnership with Sakhee Ganatra of Mishcon de Reya
Hedging Agreement for the Delivery of Shares

The following Share Incentives precedent produced in partnership with Sakhee Ganatra of Mishcon de Reya provides comprehensive and up to date legal information covering:

  • Hedging Agreement for the Delivery of Shares

This Agreement is made on [insert date of agreement]

Between

  1. 1

    [insert name of company] (the Company)

  1. 2

    [insert name of shareholder] (the Shareholder)

Background

    1. (A)

      The Shareholder is the holder of [insert number of shares] [insert class of shares] in the Company.

    1. (B)

      The Company [operates OR intends to operate] the [Insert the name of the employee share plan that the Company operates] (the Plan) under which rights to receive certain shares in the capital of the Company [have been granted OR will be granted] by the Company.

    1. (C)

      The Company has requested the Shareholder facilitates the acquisition of shares in the Company by or for the benefit of the existing and future Participants on the terms set out in this Agreement.

IT IS HEREBY AGREED as follows:

    1. 1

      Definitions and Interpretation

      1. 1.1

        Terms used in this Agreement and not otherwise defined in this Agreement shall have the meanings given to them in the Plan. In this Agreement:

        Board

        1. shall mean the board of directors of the Company (or a duly authorised committee thereof) from time to time;

        Awards

        1. shall mean the rights to acquire Award Shares (whether resultant from the vesting of a share award or the exercise of a share option) granted or proposed to be granted under the Plan to a Participant;

        Award Shares

        1. shall mean [insert number of shares] [specify class of shares] to which the Awards

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