Subscription agreement for growth shares
Subscription agreement for growth shares

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

  • Subscription agreement for growth shares

This Agreement is made on [insert date of execution of the share option agreement]

Parties

  1. 1

    [insert name of Company whose shares are being subscribed for] incorporated and registered in [insert country] under number [insert company registration number] whose registered office is [insert registered office] (Company).

  1. 2

    [insert name of Subscriber] of [insert address] (Subscriber).

BACKGROUND

The Subscriber has agreed to subscribe for [insert number of growth shares to be subscribed for, and class of the growth shares] shares of £[insert nominal value of the growth shares] each in the capital of the Company subject to and in accordance with the terms and conditions of this Agreement.

The parties agree:

Terms

    1. 1

      Definitions and interpretation

      1. 1.1

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

        Articles

        1. means the articles of association of the Company, as amended from time to time;

        Completion

        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 or such other date as the Parties agree in writing;

        Group

        1. means the Company, any subsidiary of the Company, any holding company of the Company and any subsidiary of such a holding company (with ‘subsidiary’ and ‘holding company’ having the meanings given by section 1159 of the Companies Act 2006);

        ITEPA 2003

        1. means the Income

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