EMI share option plan (exit only): rules | Practical Law

EMI share option plan (exit only): rules | Practical Law

This standard document sets out rules for the grant of options intended to qualify as enterprise management incentives (EMI) share options under Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003. The rules also provide for the grant of non tax-advantaged options.

EMI share option plan (exit only): rules

Practical Law UK Standard Document 4-555-4328 (Approx. 50 pages)

EMI share option plan (exit only): rules

Maintained, England, Wales
This standard document sets out rules for the grant of options intended to qualify as enterprise management incentives (EMI) share options under Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003. The rules also provide for the grant of non tax-advantaged options.
These rules are intended to be used by a private company that wants to grant options exercisable only following an exit.