Trustee power of attorney
Trustee power of attorney

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

  • Trustee power of attorney
  • Background

Produced in partnership with Jeremy Glover of Reed Smith

This Deed is dated [insert date]

BY

[insert full name of Trustee] incorporated and registered in [insert country in which the trustee is incorporated] with company number [insert company registered number] whose registered office is at [insert address of registered office] in its capacity as sole trustee of the [insert name of the EBT] Employee Benefit Trust (the Trustee).

Background

    1. (A)

      By a trust deed dated [insert date of EBT trust deed] (the Trust Deed), [insert full name of company], incorporated and registered in England and Wales with company number [insert registered number], whose registered office is at [insert registered office address] (the Company) established the [insert name of EBT] Employee Benefit Trust (the EBT).

    2. (B)

      The Company is in negotiations with [insert name of potential buyer] (the Buyer) for a sale of the whole of the issued share capital (the Shares) of the Company to the Buyer (the Transaction).

    3. (C)

      [It is proposed that the Buyer shall acquire [all OR [insert number of shares to be acquired] of the Shares] on the terms set out in a sale and purchase agreement in the form or substantially in