Subscription agreement—directors and employees

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

  • Subscription agreement—directors and employees
  • Background
  • 1 Definitions and interpretation
  • 2 Subscription
  • 3 Completion
  • 4 Warranties
  • 5 Tax indemnity
  • 6 Observance of Articles and enforceability
  • 7 Confidentiality and announcements
  • 8 Miscellaneous
  • More...

Subscription agreement—directors and employees

This Agreement is made on [insert date]


  1. 1

    [Insert name of company in which the shares are to be held] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address], brief particulars of which are set out in Schedule 1 (Company),

  1. 2

    The several persons whose names and addresses are set out in Schedule 2 (together the Existing Shareholders), and

  1. 3

    [Insert name of subscriber] of [insert address](Subscriber)

    (each being a Party and together the Parties).


The Subscriber has agreed to subscribe for Shares subject to and in accordance with the terms and conditions of this Agreement.

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        In this Agreement, unless the context otherwise requires the following expressions shall have the following meanings:

        Business Day

        1. means a day, other than a Saturday, Sunday or public holiday, on which clearing banks are open for non-automated commercial business in the City of London;


        1. means completion of the matters described in this Agreement by the performance of the Parties of their respective obligations in accordance with clause 3;

        Completion Date

        1. means the date of this Agreement;

        Confidential Information

        1. means:

          1. (a)

            this Agreement; and

          2. (b)

            all data or information (whether technical, commercial, financial or of any other type) in any form acquired under, pursuant to or in connection with, this Agreement and any information used in or relating to

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