template

Emi Share Option For Time And Performance (Stand-Alone)

by
Genie Team
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

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.

H
A
Transport
50%
Consultancy
50%

Additional information

Business categories

Business activities

Relevant sectors

Agriculture, Forestry and Fishing

Mining

Construction

Manufacturing

Transport

Energy

Wholesale

Retail

Finance

Insurance

Real Estate

Legal Services

Consumer, Public & Health Services

Education

Media

Consultancy

Technology

Public Administration

Sport & Entertainment

Other

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes