DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...
What is a cashless exercise of options? The ‘cashless exercise’ of options or a 'cashless exercise facility' refers to the mechanism by which share options can be...
Additional definitions Option Holders [insert list of Option Holders who are exercising their Options or refer to relevant schedule of Option Holders]; Options the...
1 Seller Share Options 1.1 This clause shall apply in relation to the receipt by the Seller of a valid notice of exercise from any Transferring Employee in respect of any...
Introduction This legal due diligence questionnaire relates to the proposed purchase by [insert buyer name] (the Buyer) of the entire issued share capital of [insert name...
Corporation tax deduction for costs incurred in setting up and operating employee share schemes Costs incurred in setting up and operating an employees’ share scheme may...
The requirements for a company share option plan (CSOP) rollover are complex. This note will examine: • what is a CSOP rollover? • the reasons for using a CSOP rollover •...
What is a rights issue? A rights issue is: • an offer of new shares or other securities • made to existing shareholders of a company or of a particular class of shares in...
What is a demerger? A demerger is a form of corporate reconstruction. It normally involves the division of a trade (or trades) carried on by a company (or group of...
As a flotation often reaps a higher valuation for the business than under a secondary buyout or trade sale, a flotation of the right business in the right market...
An earn-out is a particular way of structuring the consideration payable for the acquisition of shares in a company (the Target) where at least part of the price is to be...
The criteria for an enterprise management incentives (EMI) rollover are complex, this note will examine: • what is an EMI rollover? • the reasons for using an EMI...
Introduction This legal due diligence questionnaire relates to the proposed purchase by [insert buyer name] (the Buyer) of the entire issued share capital of [insert name...
Employee benefit trusts (EBTs) are a type of discretionary trust which are primarily established to enable companies to provide shares, cash or other benefits to their...
Relevance of the takeover code to share acquisitions by an EBT It may be necessary to consult the Takeover Panel (Panel) in certain circumstances if the trustee of an...
Introduction This legal due diligence questionnaire relates to the proposed purchase by [insert buyer name](the Buyer) of the entire issued share capital of [insert name...
This form is important and requires your immediate attention If you are in any doubt about the Offer, the contents of the Offer Document or Letter or the action you...
Introduction This legal due diligence questionnaire relates to the proposed purchase by [insert buyer name] (the Buyer) of the entire issued share capital of [insert name...
This Practice Note: • illustrates the partnership structure of a typical onshore limited partnership fund • explains what carried interest is, and • describes the tax...
What is share dilution? Share dilution happens when a company issues additional shares in itself. As a result the existing shareholders' ownership in the company is...
Private equity backed companies The issues facing private equity backed companies when using shares to incentivise employees are similar to those faced by all companies....
1 by this power of attorney made on [insert date on which the appointor executes the power of attorney] I [insert name of option holder] (the Appointor) of [insert...
What is a joint venture? A joint venture (JV) is a commercial arrangement entered into by two or more independent parties whereby each party agrees to develop, often for...
What is a joint venture? A joint venture (JV) is a commercial arrangement entered into by two or more independent parties whereby each party agrees to develop, often for...
Understanding the impact of a corporate transaction on the company's share incentives If a company is subject to a corporate transaction, this will often have an impact...
[insert name of option holder] [insert address] [insert postcode] [insert date] Dear [insert name of option holder], [insert name of option plan]: effect of recent rights...
