Emi Share Option For Time And Performance (Stand-Alone)
by
Genie Team
Sep, 28 2022
When to use this template
This is a legal document that grants an employee the option to buy shares in the company based on how long they have worked there and how well they have performed.
Key issues covered in this template
Reporting to HMRC
Ceases to be capable of exercise
Employment termination
Exercise condition
Fax notification
Illustrative only
Notice timing
Takeover offer
Tax liability
Work email address
N/A
What to watch out for
The agreement should grant the employee a time-based share option
The agreement should be performance-based
The company should be able to terminate the agreement at any time
The employee should be able to terminate the agreement if the company fails to meet the performance criteria
2
Used by
Author
Genie Team
@genieteam
Genie AI
The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.