Restricted share agreement and certificate (exit—triggered)
Restricted share agreement and certificate (exit—triggered)

The following Share Incentives precedent provides comprehensive and up to date legal information covering:

  • Restricted share agreement and certificate (exit—triggered)

This Agreement is made on [date]

Parties

  1. 1

    [NAME OF TRUSTEE] (registered in England and Wales under Company Number []) whose registered office is at [] in its capacity as trustee of the [insert name of employee benefit trust] (the Seller);

  1. 2

    [NAME OF EMPLOYEE] of [ADDRESS] (the Participant); and

  1. 3

    [NAME OF COMPANY] (registered in England and Wales under Company Number []) whose registered office is at [] (the Company).

Background

    1. (A)

      The [insert name of employee benefit trust] (the Trust) was established by a trust deed dated [] (the Trust Deed) and the Seller is its trustee for the time being of the Trust.

    1. (B)

      The Seller holds, and wishes to sell to the Participant, the beneficial interest in [insert number of shares ] [insert class and nominal value of shares ] shares in the capital of the Company and the Participant wishes to purchase the beneficial interest in such shares from the Seller subject to and in accordance with the terms of this Agreement.

    1. (C)

      The Participant is an employee of the Company and is, therefore, a Beneficiary (as defined in the Trust Deed) of the Trust.

    1. (D)

      The Participant has agreed to purchase the Shares from the Seller subject to and in accordance with the terms and conditions of this Agreement.

    1. 1

      Definitions

      1. 1.1

        In this Agreement, except where the context requires otherwise, the words and expressions

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