Enterprise management incentives

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Enterprise management incentives guidance:

UK tax-advantaged share options are granted under written arrangements which are required to comply with legislative requirements contained in Part 7 and the relevant...

Practice Note

[insert name of company adopting the EMI scheme] (Company)—[insert Company number] Minutes of a meeting of the [remuneration committee of the] board of directors of the...

Precedents

[insert name of company whose shares are under option] (the Company)—[insert Company number] Minutes of a meeting of the [remuneration committee of the ]board of...

Precedents

[insert name of company adopting the EMI scheme] (Company)—[insert Company number] Minutes of a meeting of the [remuneration committee of the] board of directors of the...

Precedents

ARCHIVED: This archived Practice Note provides background reading on the main differences between the EMI guidance in ESSUM and where it can now be found in ETASSUM. It...

Practice Note

Companies in both the US and the UK have a long history of involving employees in equity ownership, and both countries have provided tax breaks and implemented other...

Practice Note

[insert date of letter] [insert name of employee] [insert address of employee] Dear [insert name of employee] [insert name of Company] (Company) Option to be granted...

Precedents

[insert date of letter] [insert name of employee] [insert address of employee] Dear [insert name of employee] [insert name of Company] (the Company) I am delighted to...

Precedents

I, [insert full name of option holder], refer to the option over [insert number and class of shares under option] shares of £[insert nominal value of each share under...

Precedents

This Agreement is made on [insert date of execution of the share option agreement] Parties 1 [insert name of Company whose shares are being granted under option]...

Precedents

Not realising a disqualifying event has occurred is one of the most common reasons why unintended income tax and National Insurance contributions (NICs) (employer’s and...

Practice Note

Although enterprise management incentives (EMI) options can be enormously tax efficient, they also pose potentially large pitfalls. If not drafted and implemented...

Practice Note

Enterprise management incentives (EMI) schemes and company share option plans (CSOPs) are both tax advantageous discretionary share option schemes used widely in the UK....

Practice Note

Rules of the [insert name of company granting EMI options] enterprise management incentives Scheme 1 Definitions and interpretation 1.1 Definitions In this Scheme, except...

Precedents

This Agreement is made on [insert date of execution of the share option agreement] Parties 1 [insert name of company whose shares are being granted under option]...

Precedents

Restricted shares and EMI valuations Restricted shares are shares which are subject to any restrictions described in sections 423(2)–(4) of the Income Tax (Earnings and...

Practice Note

Capital gains tax—basic principles When a person disposes of an asset and makes a profit that is capital in nature, this has the potential to be a taxable capital gain....

Practice Note

This Practice Note details the following: • the EMI annual return form • the pre-registration and timing of completion of the annual return • reportable events • nil...

Practice Note

Enterprise management incentives (EMI) schemes are tax advantageous discretionary share option schemes used widely in the UK. EMI schemes have the potential to provide...

Practice Note

Enterprise management incentives (EMI) schemes are tax advantageous discretionary share option schemes used widely in the UK. EMI schemes have the potential to provide...

Practice Note

The EMI regime is prescriptive and sets out numerous requirements that must be met at the time the options are granted, including in relation to: • the company granting...

Practice Note

The enterprise management incentives (EMI) scheme is a highly flexible and tax-efficient scheme designed specifically for small/medium-sized businesses. The EMI regime is...

Practice Note

[insert date of rollover agreement] [insert option holder’s name] [insert option holder’s address] Dear [insert option holder’s name] Offer to rollover an option granted...

Precedents

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...

Practice Note

The enterprise management incentives (EMI) regime is prescriptive and sets out numerous requirements that must be met at the time the options are granted, including in...

Practice Note

The enterprise management incentives (EMI) scheme is a highly flexible and tax-efficient scheme designed specifically for small/medium-sized businesses. The EMI regime is...

Practice Note