About Share Incentives
The world of share incentives and employee ownership is currently one of the hottest topics and a huge priority for the current government. The law is constantly changing and companies are regularly having to grapple with new legislation, new guidance and new ideas. In such a complex, ever-changing area, where the repercussions of getting it wrong can be unforgiving, companies need to understand the law and implement it correctly.
Corporate governance content
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.
Disguised remuneration
Get updated documents and a Practice Note examining common disguised remuneration scenarios in share schemes. There’s nothing like this elsewhere.
Key Share Incentives developments
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.
Topics We Cover
Our Share Incentives Experts
Nicky Griffin
Stephen Woodhouse
David Pett
William Franklin
David Cohen
Latest Share Incentives News
This week's edition of Share Incentives weekly highlights includes: (1) HMRC’s publication of i...
This week's edition of Share Incentives weekly highlights includes: (1) a reminder of the 6th J...
This week's edition of Share Incentives weekly highlights includes: (1) a focus on executive pa...
The Data (Use and Access) Bill (DUA) is set to receive Royal Assent and become an Act of Parlia...
This week's edition of Share Incentives weekly highlights includes the FCA’s publication of the...
Latest Share Incentives Practice Notes
Age discrimination and employee share schemesThe purpose of this Practice Note is to explain the key age discrimination issues that can arise in...
Sustainable business and executive payWhat is sustainable business and ESG issues?Sustainable business is a broad concept and encompasses the impact...
Termination payments taxed as earningsDepending on the circumstances, a payment made or other benefit provided in connection with the termination of...
Short form prospectus requirements for an offer of listed shares to employees [Archived]BackgroundUnder Article 3(1) of Directive 2004/39/EC, the EU...
JSOPs—funding the acquisition and terms of the planBasic structure of a JSOPThe basic structure of joint ownership involves two owners, namely the...
Latest Share Incentives Precedents
Joint share ownership plan (JSOP) agreementThis Deed is made on the [insert] day of [insert month] 20 [insert year]Parties1[insert name] of [address]...
Written statement for employee shareholder shares [Archived]Archived: The ability to offer tax-favoured employee shareholder shares or ESS (commonly...
Acknowledgment of changes to terms and conditions of employment to implement salary sacrifices[insert date of letter]This document summarises certain...
Award agreement for phantom share award planThis Deed is dated [insert date].Parties1[Insert name of company] with company number [insert company...
SIP Partnership share agreement including matching sharesParties1ParticipantName: [insert name of participant]Home Address: [insert address of...
Latest Share Incentives Q&As
Featured Share Incentives content
Malus and clawback...
Malus and clawbackThe use of malus and clawbackThe concept of withholding or even recovering value from executives if a material adverse event occurs...
What is a long-term incentive plan?...
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...
Nil paid shares and partly paid shares—practi...
Nil paid shares and partly paid shares—practical considerationsWhat are nil paid shares and partly paid shares?When shares are issued, their...
Implementing share plans—ways to manage dilut...
Implementing share plans—ways to manage dilution of existing shareholdersWhat is share dilution?Share dilution happens when a company issues...
Introduction to enterprise management incenti...
Introduction to enterprise management incentives (EMI) schemesIntroduction to EMI schemesThe EMI scheme is a highly flexible and tax-efficient scheme...
Corporation tax relief and employee share sch...
Corporation tax relief and employee share schemesCorporation tax deduction for costs incurred in setting up and operating employee share schemesCosts...
What is an employee benefit trust?...
What is an employee benefit trust?The EBT as a trustAn employee benefit trust (EBT) is a form of trust. A trust refers to the legal relationship...
Phantom share awards and options...
Phantom share awards and optionsWhat is a phantom award?Phantom awards, broadly speaking, can be split into two categories, phantom share awards and...
Growth shares—practical examples and comparis...
Growth shares—practical examples and comparisons with optionsWhat are growth shares?Growth shares, also known as value shares or hurdle shares, are a...
Value Creation Plans...
Value Creation PlansWhat is a Value Creation Plan?The term ‘Value Creation Plan’ (VCP) normally refers to an employee incentive plan which is designed...
Cashless exercise of options...
Cashless exercise of optionsWhat is a cashless exercise of options?The ‘cashless exercise’ of options or a 'cashless exercise facility' refers to the...
Employee ownership trusts...
Employee ownership trustsWhat is an employee ownership trust?An employee ownership trust (EOT) is a particular type of employee benefit trust (EBT)...
Shares for non-executive directors—issues and...
Shares for non-executive directors—issues and considerationsMeaning of ‘non-executive director’The general definition of ‘director’ is not exhaustive....
Underwater share options...
Underwater share optionsWhat is an underwater share option?'Underwater option' is the term used to describe a share option (granted under any share...
What is a SIP?...
What is a SIP?This Practice Note provides an introduction to the HMRC tax-advantaged share incentive plan (SIP). It provides a summary of:•the types...
Pitfalls of setting up and operating an emplo...
Pitfalls of setting up and operating an employee ownership trustWhat is an employee ownership trust?An employee ownership trust (EOT) is a particular...
Long-term incentive plans—income tax and NICs...
Long-term incentive plans—income tax and NICs treatmentTypes of LTIP awardsThe most common type of awards that can be made under a long-term incentive...
Notice of exercise of option...
Notice of exercise of optionThe Company Secretary[insert date of letter][insert name of company who granted the option] (Company)[[insert address of...
Associated legal terms
Corporate governance
This is the principle of shareholders taking more than just a simple financial interest in their shareholdings.
Dodd-Frank
The Dodd Frank Wall Street Reform and Consumer Protection Act 2010, a corporate governance regime in the United States.
QCA Corporate Governance Code (QCA Code)
The Corporate Governance Code published by the Quoted Companies Alliance (QCA).
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