Notification to trustee of employee benefit trust (EBT) of vesting of awards under operating agreement | Practical Law

Notification to trustee of employee benefit trust (EBT) of vesting of awards under operating agreement | Practical Law

A precedent to notify the trustee of an employee benefit trust (EBT) that options or awards intended to be satisfied by the trustee (under the terms of an operating agreement with the company) have vested, because performance targets or other vesting conditions have been satisfied, or a corporate transaction has occurred.

Notification to trustee of employee benefit trust (EBT) of vesting of awards under operating agreement

by Practical Law Share Schemes & Incentives
Maintained • , England, Wales
A precedent to notify the trustee of an employee benefit trust (EBT) that options or awards intended to be satisfied by the trustee (under the terms of an operating agreement with the company) have vested, because performance targets or other vesting conditions have been satisfied, or a corporate transaction has occurred.