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 a focus on executive pay....
This week's edition of Share Incentives weekly highlights includes: (1) ISS Governance publishing its 2025 Proxy Voting Guidelines for the UK and...
This week's edition of Share Incentives weekly highlights includes HMRC’s publication of the latest minutes by the Share Schemes Forum....
This week's edition of Share Incentives weekly highlights includes (1) the announcement by ISS Governance of its new 2025 benchmark policy updates,...
This week's edition of Share Incentives weekly highlights includes (1) in relation to employee benefit trusts, the cases of JTC Employer Solutions...
Latest Share Incentives Practice Notes
Who can be granted a CSOP option?Company share option plans (CSOPs) are discretionary share option plans which can be operated on an all-employee...
How SAYE schemes work and key featuresFORTHCOMING CHANGE: Following its announcement as part of the Spring Budget on 15 March 2023, HMRC published a...
The Takeover Code and share plansFor many, an announcement of a bidder's firm intention to make an offer for the shares in a company is the starting...
SAYE—requirements for the options and timing for exerciseFORTHCOMING CHANGE: Following its announcement as part of the Spring Budget on 15 March 2023,...
Share incentive issues on an IPOFORTHCOMING CHANGE: On 1 July 2021, the government launched a consultation on the UK prospectus regime setting out how...
Latest Share Incentives Precedents
LTIP — notice of exercise of optionThe Company Secretary[insert date][insert name of company that granted the option] (Company)[[insert address of...
Share incentives warrantiesDefinitionsAwards•means the respective rights to acquire shares granted to each Award Holder as detailed in the Awards...
CSOP rulesRules of the [insert name of company granting CSOP options] Company share option plan[Approved by the company on [insert date on which the...
Covering letter to CSOP option holders [insert date of letter][insert name of employee][insert address of employee]Dear [insert name of...
Questionnaire to select the right type of share schemeSelection of the right share scheme is essential in order to ensure that the arrangement meets...
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
Joint share ownership plan (JSOP)
Joint share ownership plans (JSOPs) also sometimes referred to as a ‘joint 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).
Long term incentive plan (LTIP)
LTIP is an acronym for ‘long-term incentive plan’, which is a term that is commonly used among listed companies to describe an executive share incentive plan under which share-based awards are made to senior employees with a vesting period of at least three years.
Pensions and Lifetime Savings Association (PLSA)
Previously known as the National Association of Pension Funds (NAPF), the main trade organisation of the UK occupational pensions industry, with a focus on corporate governance issues and the development of institutional voting guidelines for its members.
CONTACT US
