About Share Incentives
The world of share incentives and employee ownership is currently one of the hottest topics and a huge priority for the current government. The law is constantly changing and companies are regularly having to grapple with new legislation, new guidance and new ideas. In such a complex, ever-changing area, where the repercussions of getting it wrong can be unforgiving, companies need to understand the law and implement it correctly.
Corporate governance content
Reports on executive pay are regularly in the news. We include subtopics on corporate governance, remuneration issues for financial services firms and a comparison of UK Corporate Governance remuneration principles.
Disguised remuneration
Get updated documents and a Practice Note examining common disguised remuneration scenarios in share schemes. There鈥檚 nothing like this elsewhere.
Key Share Incentives developments
Keeping up-to-date on developments naturally important. We produce a weekly Share Incentives highlights report and email it straight to subscribers' inboxes. It's also posted on our news carousel.
Topics We Cover
Our Share Incentives Experts
Nicky Griffin
Stephen Woodhouse
David Pett
William Franklin
David Cohen
Latest Share Incentives News
This week's edition of Share Incentives weekly highlights includes the FCA鈥檚 publication of the final rules for the PISCES sandbox to allow trading in...
This week's edition of Share Incentives weekly highlights includes: (1) a focus on executive remuneration, as the 2025 AGM season continues and (2) a...
This week's edition of Share Incentives weekly highlights includes: (1) HMRC鈥檚 evaluation of employee ownership trusts (EOTs), (2) a reminder of the...
This week's edition of Share Incentives weekly highlights includes (1) confirmation that EMI and CSOP legislation will be amended to allow PISCES to...
This week's edition of Share Incentives weekly highlights includes (1) a change in bonus rates for SAYE schemes, (2) a focus on executive remuneration...
Latest Share Incentives Practice Notes
Brexit鈥擴K listing and prospectus regime [Archived]At 11pm UK time on 31 January 2020 (exit day), the United Kingdom left the European Union in...
The Chartered Governance Institute, GC100, QCA鈥擬arket Abuse Regulation (MAR) Dealing code and policy documentThe Model Code, which was set out in the...
Brexit鈥攖he UK corporate governance regime [Archived]This archived Practice Note looked at the impact of Brexit on the UK corporate governance regime....
The corporate governance regime鈥攆undamentalsThe UK Corporate governance Code (the UKCG Code) is an important part of the UK鈥檚 corporate governance...
Non-executive directors and the listed company board鈥攃orporate governance roles and responsibilitiesSTOP PRESS: A new version of the UK Corporate...
Latest Share Incentives Precedents
Employee鈥揙wnership Trust DeedThis Deed is dated [insert date on which this deed is executed by all parties]Parties1[Insert name of Company] whose...
Declaration of trust for the transfer of sharesFORTHCOMING CHANGE: Following the call for evidence in 2020, the resulting outcome published in 2021,...
Letter鈥攆rom employer enclosing data protection privacy notice (employment)[Insert name and address of client]Private and confidentialDear [insert...
Covering letter to EMI option holders (options granted pursuant to standalone EMI option agreements)[insert date of letter][insert name of...
Letter of wishes to trustee鈥攔ecommendations in relation to JSOP arrangement[TO BE PRINTED ON COMPANY HEADED NOTEPAPER][Insert name of Trustee][Insert...
Latest Share Incentives Q&As
Featured Share Incentives content
Malus and clawback
Malus and clawbackThe use of malus and clawbackThe concept of withholding or even recovering value from executives if a material adverse event occurs...
What is a long-term incentive plan?
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...
Nil paid shares and partly paid shares鈥攑ractical considerations
Nil paid shares and partly paid shares鈥攑ractical considerationsWhat are nil paid shares and partly paid shares?When shares are issued, their...
Implementing share plans鈥攚ays to manage dilution of existing shareholders
Implementing share plans鈥攚ays to manage dilution of existing shareholdersWhat is share dilution?Share dilution happens when a company issues...
Introduction to enterprise management incentives (EMI) schemes
Introduction to enterprise management incentives (EMI) schemesIntroduction to EMI schemesThe EMI scheme is a highly flexible and tax-efficient scheme...
Corporation tax relief and employee share schemes
Corporation tax relief and employee share schemesCorporation tax deduction for costs incurred in setting up and operating employee share schemesCosts...
What is an employee benefit trust?
What is an employee benefit trust?The EBT as a trustAn employee benefit trust (EBT) is a form of trust. A trust refers to the legal relationship...
Phantom share awards and options
Phantom share awards and optionsWhat is a phantom award?Phantom awards, broadly speaking, can be split into two categories, phantom share awards and...
Growth shares鈥攑ractical examples and comparisons with options
Growth shares鈥攑ractical examples and comparisons with optionsWhat are growth shares?Growth shares, also known as value shares or hurdle shares, are a...
Value Creation Plans
Value Creation PlansWhat is a Value Creation Plan?The term 鈥榁alue Creation Plan鈥 (VCP) normally refers to an employee incentive plan which is designed...
Cashless exercise of options
Cashless exercise of optionsWhat is a cashless exercise of options?The 鈥榗ashless exercise鈥 of options or a 'cashless exercise facility' refers to the...
Employee ownership trusts
Employee ownership trustsWhat is an employee ownership trust?An employee ownership trust (EOT) is a particular type of employee benefit trust (EBT)...
Shares for non-executive directors鈥攊ssues and considerations
Shares for non-executive directors鈥攊ssues and considerationsMeaning of 鈥榥on-executive director鈥橳he general definition of 鈥榙irector鈥 is not exhaustive....
Underwater share options
Underwater share optionsWhat is an underwater share option?'Underwater option' is the term used to describe a share option (granted under any share...
What is a SIP?
What is a SIP?This Practice Note provides an introduction to the HMRC tax-advantaged share incentive plan (SIP). It provides a summary of:鈥he types...
Pitfalls of setting up and operating an employee ownership trust
Pitfalls of setting up and operating an employee ownership trustWhat is an employee ownership trust?An employee ownership trust (EOT) is a particular...
Long-term incentive plans鈥攊ncome tax and NICs treatment
Long-term incentive plans鈥攊ncome tax and NICs treatmentTypes of LTIP awardsThe most common type of awards that can be made under a long-term incentive...
Notice of exercise of option
Notice of exercise of optionThe Company Secretary[insert date of letter][insert name of company who granted the option] (Company)[[insert address of...
Associated legal terms
Joint Share Ownership Plan
Joint share ownership plans (JSOPs) also sometimes referred to as a 鈥榡oint ownership agreement' (JOA). This is a type of employee share incentive plan under which the employee participant owns shares jointly with a third party, which is typically the trustee of an employee benefit trust (EBT).
Market value share option
A share option which is granted with an exercise/option/strike price greater than or equal to the actual market value of the share (the market value of a share taking into account any restrictions and risks of forfeiture) under option as measured at the date of grant of the option.
Shares and Assets Valuations (SAV)
The Shares and Assets Valuations (SAV) team are a specialist area of HM Revenue and Customs (HMRC) who value the following for tax purposes, amongst other things: unquoted shares, intangible assets, foreign shares, foreign residential property, bloodstock and chattels (such as antiques, art and jewellery).
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