Produced in partnership with Jenny Wheater of Duane Morris LLP [insert date of letter] This document summarises certain changes to the contractual terms and conditions of...
The purpose of this Practice Note is to explain the key age discrimination issues that can arise in relation to the design and operation of various different types of...
This Precedent is a sample bonus schedule, to be inserted as a schedule to an employment contract or director’s service agreement, providing for entitlement to an annual...
Bonuses can be a very effective tool to motivate and retain employees while allowing businesses to control wage costs. In certain sectors and industries (eg the financial...
As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the transitional arrangements provided in Part 4 of the October 2019...
[TO BE TYPED ON COMPANY HEADED PAPER] [insert date] [insert name of employee] [insert address] Dear [insert name] The [insert name of company] Bonus Scheme I am delighted...
1 Bonus—example 1 1.1 You [will OR may, at the sole and absolute discretion of the Employer] be entitled to receive a bonus [each year ][calculated by reference to...
Produced in partnership with Sam Whitaker of Shearman & Sterling LLP 1 If, at any time in the [three] years following the payment of a bonus to you, the [Board OR...
The Consumer Credit Act 1974 (CCA 1974), the Financial Services and Markets Act 2000 (FSMA 2000) and the Financial Services and Markets Act 2000 (Regulated Activities...
This Practice Note covers the statutory, regulatory and corporate governance framework for directors’ remuneration reports (including the directors’ remuneration policy),...
This Practice Note outlines the regulatory framework for remuneration of directors of quoted and unquoted traded companies against the current backdrop of increased...
This Practice Note focuses on the additional statutory and regulatory requirements applicable to UK listed companies in relation to directors’ service contracts, covering...
What are discretions in employee share schemes? It is common to see contracts include powers for a party to determine a particular matter ‘in its absolute discretion’....
Leaver provisions and different types of scheme When drafting a set of share plan rules or option or award agreement, a company will wish to make clear what will happen...
Employers frequently grant equity awards and cash bonuses to incentivise key employees. The first part of this Practice Note focuses on key considerations with awards...
What are leavers? Departing individuals are known generically as ‘leavers’ but the reason behind the departure will usually result in different treatment as either a...
Specific rules in the benefits code in ITEPA 2003, Part 3 apply to 'employment-related loans' and, in certain circumstances, impose income tax and NICs charges on...
The gender pay gap reporting obligations are set out in the following pieces of legislation: • Equality Act 2010 (Gender Pay Gap Information) Regulations 2017, SI...
On 6 April 2017, the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 (the Regulations), SI 2017/172 came into force. Under the Regulations, SI 2017/172,...
Produced in partnership with Lewin Higgins-Green of Macfarlanes LLP HMRC Non-Statutory Clearance Team S0563 Saxon House 1 Causeway Lane Leicester LE1 4AA [insert date of...
FORTHCOMING CHANGE: Following consultation, on 11 February 2020, the government announced certain changes to the national minimum wage (NMW) rules, including amendments...
Introduction Partnerships of all sizes often struggle to devise a remuneration structure for their partners that is fair, rewards the 'right' behaviours and encourages...
FORTHCOMING CHANGE: from 6 April 2020, the off-payroll IR35 regime currently applicable to public authorities will be extended to all medium and large private sector...
FORTHCOMING CHANGE: in January 2020, the government carried out a review into the implementation of the proposed changes to the off-payroll IR35 rules (as are set out...
FORTHCOMING CHANGE: in January 2020, the government carried out a review into the implementation of the proposed changes to the off-payroll IR35 rules (as are set out...
This Practice Note explains the anti-avoidance legislation that applies where an individual worker provides services to an end client through an intermediary, such as a...
