SAYE letter of invitation
Produced in partnership with Ian Murphie of Share Plan Partners Ltd

The following Share Incentives precedent produced in partnership with Ian Murphie of Share Plan Partners Ltd provides comprehensive and up to date legal information covering:

  • SAYE letter of invitation

SAYE letter of invitation

[Letter to be printed on company headed paper]

[insert date]

[insert employee’s address]



Dear colleague,

I am pleased to tell you that all employees who [have [insert number of months of qualifying period] months of service OR have been employed with the group since [insert date from when qualifying period began]] are invited to apply for a [3 OR 5] year option to acquire ordinary shares of (insert nominal value) in [insert name of company] (the Company) under the rules of the Scheme. You are therefore eligible to participate in this operation of the Scheme.

Should you wish to participate in the Scheme and apply for an option under the Scheme, you will need to complete the enclosed Application Form. In doing so you will agree to the terms of the linked savings contract, the terms of which are set out in the enclosed Prospectus which has been issued by [insert name of bank/building society/ authorised European savings institution].

This invitation will remain open from [insert date] to [insert date].

I enclose with this letter the following:

  1. Application Form

  2. Prospectus

  3. Explanatory booklet

If you are unfamiliar with the Scheme you should consult the enclosed explanatory brochure[, which can be found on the Company’s website,] that summarises the rules of the Scheme and sets out the principal terms of

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