Reports on executive pay are regularly in the news. We include subtopics on corporate governance, remuneration issues for financial services firms and a comparison of UK Corporate Governance remuneration principles.
Get updated documents and a Practice Note examining common disguised remuneration scenarios in share schemes. There’s nothing like this elsewhere.
Keeping up-to-date on developments naturally important. We produce a weekly Share Incentives highlights report and email it straight to subscribers' inboxes. It's also posted on our news carousel.
This week's edition of Share Incentives weekly highlights includes: (1) HMRC’s evaluation of employee ownership trusts (EOTs), (2) a reminder of the...
This week's edition of Share Incentives weekly highlights includes (1) confirmation that EMI and CSOP legislation will be amended to allow PISCES to...
This week's edition of Share Incentives weekly highlights includes (1) a change in bonus rates for SAYE schemes, (2) a focus on executive remuneration...
This week's edition of Share Incentives weekly highlights includes a focus on executive remuneration, as the 2025 AGM season continues....
This week's edition of Share Incentives weekly highlights includes(1) HMRC’s new package of tax administration and simplification measures announced...
UK listing and prospectus regime reform—progress trackerThe UK Listing Review was launched by HM Treasury at the end of 2020 to gather evidence and...
Post-acquisition benefitsThis Practice Note deals with the specific rules contained within sections 447–450 of Income Tax (Earnings and Pensions) Act...
Brexit legislation trackerThis Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the...
Data protection principlesThis Practice Note covers the principles for handling personal data that form the core of the United Kingdom General Data...
Introduction to the EU GDPR and UK GDPRThis Practice Note provides an introduction to both the EU’s General Data Protection Regulation, Regulation...
Articles of association—example amendments to introduce growth sharesCompanies Act 2006Private Company Limited By SharesArticles of Association of...
Subscription agreement—directors and employeesThis Agreement is made on [insert date]Parties1[Insert name of company in which the shares are to be...
Call option agreementThis Agreement is made [as a deed] on [insert date]Parties1[insert name of Buyer] [incorporated and registered in [insert place...
Put option agreementThis Agreement is made [as a deed] on [insert date]Parties1[insert name of buyer] [incorporated and registered in [insert place of...
Resolution—approving directors’ remuneration reportOrdinary resolution:That the directors’ remuneration report (other than the part containing the...
Malus and clawbackThe use of malus and clawbackThe concept of withholding or even recovering value from executives if a material adverse event occurs...
Tax implications of salary sacrificeCoronavirus (COVID-19): As part of a series of measures put in place to stop the spread of coronavirus (COVID-19),...
Corporation tax relief and employee share schemesCorporation tax deduction for costs incurred in setting up and operating employee share schemesCosts...
Underwater share optionsWhat is an underwater share option?'Underwater option' is the term used to describe a share option (granted under any share...
Comparison of UK and US share incentive arrangementsCompanies in both the US and the UK have a long history of involving employees in equity...
Nil paid shares and partly paid shares—practical considerationsWhat are nil paid shares and partly paid shares?When shares are issued, their...
Growth shares—practical examples and comparisons with optionsWhat are growth shares?Growth shares, also known as value shares or hurdle shares, are a...
What is a long-term incentive plan?A long-term incentive plan (LTIP) is a term that is commonly used among listed companies to describe executive...
Unapproved share options—tax treatmentSpecific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7,...
EMI—HMRC annual returnThis Practice Note details the following:•the EMI annual return form•the pre-registration and timing of completion of the annual...
Employee share schemes—dealing with leaversWhat are leavers?Departing individuals are known generically as ‘leavers’ but the reason behind the...
An introduction to deferred share bonus plansDeferred share bonus: key elementsDeferred share bonus plans are typically constituted by the following...
Implementing share plans—ways to manage dilution of existing shareholdersWhat is share dilution?Share dilution happens when a company issues...
Notice of exercise of optionThe Company Secretary[insert date of letter][insert name of company who granted the option] (Company)[[insert address of...
Understanding US non-qualified deferred compensation arrangements and Internal Revenue Code Section 409ARelevance of non-qualified deferred...
Long-term incentive plans—benefits and issuesA long-term incentive plan (LTIP) is a term that is commonly used among listed companies to describe...
EMI valuations for EMI schemesRestricted shares and EMI valuationsRestricted shares are shares which are subject to any restrictions described in...
EMI—notification of grant of options to HMRCEnterprise management incentives (EMI) schemes are tax advantageous discretionary share option schemes...
Extensions of Time
Joint share ownership plans (JSOPs) also sometimes referred to as a ‘joint ownership agreement' (JOA). This is a type of employee share incentive plan under which the employee participant owns shares jointly with a third party, which is typically the trustee of an employee benefit trust (EBT).
LTIP is an acronym for ‘long-term incentive plan’, which is a term that is commonly used among listed companies to describe an executive share incentive plan under which share-based awards are made to senior employees with a vesting period of at least three years.