Share option plan (time and performance): board minute paragraphs for adoption and grant of options (CSOP, EMI and non tax-advantaged options) | Practical Law

Share option plan (time and performance): board minute paragraphs for adoption and grant of options (CSOP, EMI and non tax-advantaged options) | Practical Law

Board minutes recording the establishment of, and grant of employee share options under, a time and performance share option plan. The minutes can be used for EMI, CSOP and non tax-advantaged share options. Simultaneous tax-advantaged and non tax-advantaged option grants are often necessary because of the statutory limits on individual holdings of tax-advantaged options. If at least some option holders will exceed the relevant limit, then non tax-advantaged options will need to be granted to them in addition to their tax-advantaged options.

Share option plan (time and performance): board minute paragraphs for adoption and grant of options (CSOP, EMI and non tax-advantaged options)

by Practical Law Share Schemes & Incentives
Maintained • United Kingdom
Board minutes recording the establishment of, and grant of employee share options under, a time and performance share option plan. The minutes can be used for EMI, CSOP and non tax-advantaged share options. Simultaneous tax-advantaged and non tax-advantaged option grants are often necessary because of the statutory limits on individual holdings of tax-advantaged options. If at least some option holders will exceed the relevant limit, then non tax-advantaged options will need to be granted to them in addition to their tax-advantaged options.