Dan Sharman

Solicitor (Partner), Shoosmiths

• Dan specialises in advising on all types of employee incentive arrangements, ranging from share options, share ownership (particularly growth shares), cash-based schemes and employee benefit trusts.

• In addition to handling share options work, he also advises clients on all areas of employment tax, including employment related securities, internationally mobile employees and the tax efficient structuring of bonuses and termination payments.

• Dan is dual qualified as both a solicitor and a chartered tax adviser.

Contributed to

3

Amending performance conditions in share plans

Practice notes

This Practice Note examines the implications of waiving or amending performance conditions in respect of subsisting share options and awards including those granted under tax-advantaged share plans such as enterprise management incentives (EMI) schemes, save as you earn (SAYE) schemes, company share option plans (CSOPs) and share incentive plans (SIPs). It looks at both the potential tax consequences in relation to tax advantaged plans of amending performance conditions of subsisting share options and awards as well as the contractual issues which can arise in relation to all types of awards.

Share Incentives

Guidance on making a valid restricted security election

Practice notes

This Practice Note provides guidance on the procedure for making a valid restricted securities election. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths LLP.

Tax

Why make a section 425 election (or no election) rather than a section 431 election?

Practice notes

This Practice Note sets out the key considerations and illustrative computations for determining which restricted securities election to make, ie whether to elect under section 425 or section 431 of the Income Tax (Earnings and Pensions) Act 2003 (or to make no election at all) upon the acquisition of restricted securities. This Practice Note was produced in partnership with Dan Sharman of Shoosmiths LLP.

Tax