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’s 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 (1) the Takeover Panel’s response to its recent consultation, in which it confirms...
This week's edition of Share Incentives weekly highlights includes (1) the key announcements from the Autumn Budget 2024, (2) HMRC’s Spotlight 66...
Tax analysis: A summary of the key business tax announcements made in the Autumn Budget on 30 October 2024. Key announcements include an increase to...
This week's edition of Share Incentives weekly highlights includes (1) an announcement by the CEO of the PRA that it will be reducing deferral periods...
This week's edition of Share Incentives weekly highlights includes: (1) the Lexis+ Share Incentives team’s analysis of the updated version of the...
Latest Share Incentives Practice Notes
JSOPs—adopting and granting awardsThe adoption of a joint share ownership plan (JSOP) need be no different from any other share plan save that if new...
Business asset disposal relief (previously entrepreneurs' relief) and enterprise management incentives (EMI) schemesBusiness asset disposal...
Business asset disposal relief (previously entrepreneurs' relief) and share optionsBackground and main requirements for the reliefBusiness asset...
Employment-related securities, securities options and capital gains taxEmployment-related securities and securities optionsThe definition of an...
Private company transactions—share incentive considerationsFORTHCOMING CHANGE: Following a call for evidence in 2020, the resulting outcome published...
Latest Share Incentives Precedents
Board minutes establishing EBT[insert name of Company]Company No[ insert registered number of Company](the Company)Minutes of a meeting of the Board...
Share incentives warrantiesDefinitionsAwards•means the respective rights to acquire shares granted to each Award Holder as detailed in the Awards...
Letter to trustees of EBT—recommendation for trustees to grant and satisfy awards[insert full name of Trustee]as trustee of the[insert full name of...
Hedging Agreement for the Delivery of SharesThis Agreement is made on [insert date of agreement]Between1[insert name of company] (registered number...
Nil paid or partly-paid share subscription agreementIf you are in any doubt about this agreement and the action you should take, it is recommended...
Latest Share Incentives Q&As
Featured Share Incentives content
How do I contact HMRC with a share schemes related query?
How do I contact HMRC with a share schemes related query?HMRC consists of specialist departments dealing with specific areas of employment related...
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...
Tax implications of salary sacrifice
Tax implications of salary sacrificeCoronavirus (COVID-19): As part of a series of measures put in place to stop the spread of coronavirus (COVID-19),...
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...
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 happens to restricted stock units or stock options that have vested during an employee's notice period (assuming the employee is still employed at the vesting date)?
Comparison of UK and US share incentive arrangements
Comparison of UK and US share incentive arrangementsCompanies in both the US and the UK have a long history of involving employees in equity...
Nil paid shares and partly paid shares—practical considerations
Nil paid shares and partly paid shares—practical considerationsWhat are nil paid shares and partly paid shares?When shares are issued, their...
Growth shares—practical examples and comparisons with options
Growth shares—practical examples and comparisons with optionsWhat are growth shares?Growth shares, also known as value shares or hurdle shares, are a...
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...
Unapproved share options—tax treatment
Unapproved share options—tax treatmentSpecific income tax rules (in sections 471–487 of the Income Tax (Earnings and Pensions) Act 2003 (Part 7,...
EMI—HMRC annual return
EMI—HMRC annual returnThis Practice Note details the following:•the EMI annual return form•the pre-registration and timing of completion of the annual...
Employee share schemes—dealing with leavers
Employee share schemes—dealing with leaversWhat are leavers?Departing individuals are known generically as ‘leavers’ but the reason behind the...
An introduction to deferred share bonus plans
An introduction to deferred share bonus plansDeferred share bonus: key elementsDeferred share bonus plans are typically constituted by the following...
Implementing share plans—ways to manage dilution of existing shareholders
Implementing share plans—ways to manage dilution of existing shareholdersWhat is share dilution?Share dilution happens when a company issues...
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...
Understanding US non-qualified deferred compensation arrangements and Internal Revenue Code Section 409A
Understanding US non-qualified deferred compensation arrangements and Internal Revenue Code Section 409ARelevance of non-qualified deferred...
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:•the types...
Associated legal terms
EMI (Enterprise Management Incentives)
An enterprise management incentives scheme is specific Government backed discretionary employee option'>share option scheme which, if operated correctly, can be very tax advantageous.
Exercise of share options
Share options gives the option holder the right to buy and sell shares at a predetermined price. The exercise of share options relates to the process of paying that pre-determined price (know as the exercise/strike/option price [can we link to this glossary term]) and receiving the shares under the option.
QCA Corporate Governance Code (QCA Code)
The Corporate Governance Code published by the Quoted Companies Alliance (QCA).
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