The following Share Incentives precedent provides comprehensive and up to date legal information covering:
by this power of attorney made on [insert date on which the appointor executes the power of attorney]
I [insert name of option holder] (the Appointor) of [insert address of option holder] hereby authorise and appoint [jointly AND/OR [and] severally][[insert name of attorney] OR any director of [insert name of company] (registered number [insert company registration number]][ and [insert name of attorney]] of [insert address/addresses of attorney(s)] to be my true and lawful attorney (the Attorney), with authority for me and in my name and/or on my behalf to approve, sign, execute, deliver and complete and do all such acts and things as my Attorney (in the Attorney’s absolute discretion) may consider necessary or desirable in connection with: (1) the option granted to me by [insert name of company which granted the option] (the Company) under a [deed OR agreement] dated [insert date on which the option deed / agreement was executed] over [insert number and class of shares] shares in the Company (the Shares and the Option); and (2) the Shares which are the subject of the Option (or any shares or other securities in or issued by any other body corporate in respect of the Shares under the Option (Derived Shares)), and in particular (but not by way of limitation):
to sell any Shares in order to:
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty, whether more promptly or at all. In some
This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
Practical completion marks the end of the construction period of a project, when the works are 'finished' and the employer can occupy and/or use them. Practical completion also typically marks the start of the defects liability period/maintenance period.As explained below, practical completion is an
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.