How CSOPs work and key featuresThis Practice Note covers the following topics in high level detail:•what are CSOPs?•the law governing CSOP options•the...
Payments for a director’s loss of officeThe Companies Act 2006 (CA 2006) contains provisions relating to payments made by a company to a director as...
Brexit legislation trackerThis Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the...
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
EMI—trading activitiesEMI Review: In the Spring Budget 2020, the government announced that it will review the enterprise management incentives (EMI)...
Umbrella LTIP rulesFORTHCOMING CHANGE: On 18 March 2021, it was announced that the government was launching a consultation on wide-ranging reforms to...
LTIP—deed of grantThis Deed is entered into on [insert date on which the deed is executed] by [insert name of the company granting the Awards] whose...
Deed of renouncement of optionI, [insert full name of option holder], refer to the option over [insert number and class of shares under option] shares...
Deferred share bonus plans—listing rules and shareholder approvalIP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At...
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...
LTIP—option certificate[insert name of company who granted the option pursuant to the long term incentive plan (LTIP)] (Company)[insert name of LTIP]...
LTIP—restricted award certificate[insert name of company who granted the award pursuant to the long term incentive plan (LTIP)] (Company)[insert name...
Letter to be sent to LTIP award holders on a rights issue[insert name of award holder][insert address][insert postcode][insert date]Dear [insert name...
Board minutes—approving the adoption of a LTIP and the grant of LTIP awards pursuant to it[insert name of company adopting the LTIP] (Company)—[insert...
LTIP—matched award certificate[insert name of company who granted the award pursuant to the long term incentive plan (LTIP)] (Company)[insert name of...
An introduction to deferred share bonus plansDeferred share bonus: key elementsDeferred share bonus plans are typically constituted by the following...
Structure of an LTIPTypes of awardsDifferent types of awards can be granted under a long-term incentive plan (LTIP) and more than one may be offered...
LTIP—contingent award certificate[insert name of company who granted the award pursuant to the long term incentive plan (LTIP)] (Company)[insert name...
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