Joint share ownership plans

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How EMI schemes work and key features

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth

EMI—qualifying companies

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth

Practice notes

What is an employee benefit trust?

FORTHCOMING CHANGE: The EU Fifth Anti-Money Laundering Directive (5MLD) was published in the EU official journal on 19 June 2018 and came into force...

Produced in partnership with Jeremy Glover of Fenwick Elliott 26th Sep

Practice notes

Introduction to employee share ownership schemes

This Practice Note provides an introduction to:•why companies have employee ownership models•the main types of share ownership models, and•issues to...

26th Sep

Practice notes

How CSOPs work and key features

This Practice Note covers the following topics in high level detail:•what are CSOPs?•the law governing CSOP options•the eligibility...

26th Sep

Practice notes

EMI and disqualifying events

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

26th Sep

Practice notes

EMI—what makes an employee eligible?

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

26th Sep

Practice notes

Employee ownership trusts

FORTHCOMING CHANGE: The EU Fifth Anti-Money Laundering Directive (5MLD) was published in the EU official journal on 19 June 2018 and came into force...

Produced in partnership with Stephen Woodhouse 26th Sep

Practice notes

Drafting leaver provisions in share plans

Leaver provisions and different types of schemeWhen drafting a set of share plan rules or an option or award agreement, a company will wish to make...

26th Sep

Practice notes

Unapproved share options—tax treatment

Specific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7, Chapter 5) (ITEPA 2003)) apply to...

26th Sep

Practice notes

Unapproved share options

What are unapproved share options?Share options are rights to acquire shares which can be exercised when certain conditions have been met (such as the...

26th Sep

Practice notes

Growth shares (value shares)

What are growth shares?Growth shares, also known as value shares or hurdle shares, are a special class of shares that have restricted rights. These...

26th Sep

Practice notes

Malus and clawback

The use of malus and clawbackThe concept of withholding or even recovering value from executives if a material adverse event occurs following the...

26th Sep

Practice notes

Employee share schemes—dealing with leavers

What are leavers?Departing individuals are known generically as ‘leavers’ but the reason behind the departure will usually result in different...

Produced in partnership with Jenny Wheater of Duane Morris LLP 26th Sep

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Practice notes

Setting up an employee benefit trust

FORTHCOMING CHANGE: The EU Fifth Anti-Money Laundering Directive (5MLD) was published in the EU official journal on 19 June 2018 and came into force...

Produced in partnership with Jeremy Glover of Fenwick Elliott 26th Sep

Practice notes

Introduction to enterprise management incentives (EMI) schemes

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

26th Sep

Practice notes

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 share plans under which a company makes...

26th Sep

Practice notes

EMI—requirements for options

EMI Review: In the Spring Budget 2020, the government announced that it will review the EMI scheme to ensure that it provides support for high-growth...

2nd Sep

Most recent Joint share ownership plans content

Practice notes

JSOPs—tax treatment

Summary of the tax treatment of the acquisition of an interest in a jointly owned shareAbsent the specific statutory rules relating to employment...

25th Sep

Practice notes

JSOPs—funding the acquisition and terms of the plan

Basic structure of a JSOPThe basic structure of joint ownership involves two owners, namely the employee participant who owns the growth interest, and...

25th Sep

Practice notes

Joint share ownership plans—comparisons with other share scheme structures

Jointly owned awards are no more and no less than their description implies, namely shares owned jointly by an employee or director and a third party,...

25th Sep

Practice notes

JSOPs—adopting and granting awards

The adoption of a joint share ownership plan (JSOP) need be no different from any other share plan save that if new shares are to be issued, the...

25th Sep

Precedents

Joint share ownership plan (JSOP) agreement

This Deed is made on the [insert] day of [insert month] 20 [insert year]Parties1[insert name] of [address] (the Participant)2[insert name of company]...

26th Sep

Practice notes

Introduction to JSOPs

What are JSOP awards?Jointly owned shares are no more and no less than their description implies, namely shares owned jointly by an employee or...

26th Sep

Precedents

Buy notice for joint share ownership plan (JSOP) agreement

To: [insert name of participant]We refer to the agreement that we entered into on [date] with you and [insert name of the Company whose shares are...

26th Sep

Precedents

Sell notice for joint share ownership plan (JSOP) agreement

To: [insert name of Trustee]I refer to the agreement that I entered into on [date] with you and [insert name of the Company whose shares are under the...

26th Sep

Precedents