The following Share Incentives precedent produced in partnership with Jonathan Fletcher Rogers of Addleshaw Goddard provides comprehensive and up to date legal information covering:
We are pleased to tell you that you are eligible to participate in the [insert name of company] share incentive plan. The plan gives you the opportunity to buy shares in [insert name of company] through monthly deductions from your pre-tax salary. [As added benefit, you will also receive [insert number of matching shares] extra share [s] for every [insert number of partnership shares] share[s] you purchase (these are called matching shares)].
If you want to take part of the plan, you should follow the instructions below. [There is no deadline for applications – you can choose to take part at any time. OR The deadline for applications is [insert date of deadline]].
All employees who [have [[insert number of months of qualifying period] months of service OR been employed with the group since [insert date from when qualifying period began]] and] remain employed at the date of the first deduction from salary are eligible to take part in the plan. If you cease employment before then you will not be able to buy shares under the plan.
We have set out in this letter some brief information about the plan, but more information is included in the [accompanying explanatory booklet OR
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