Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

💳 EMI share option plan

Why use a 💳 EMI share option plan?

An employee share option plan is a benefits package that some employers offer to their employees. The plan typically allows employees to purchase shares of the company at a set price, usually over a period of time. The goal of an employee share option plan is to give employees a financial stake in the company and to align their interests with those of the shareholders.

This legal template focuses on the establishment and implementation of the AIM Company Rules for an EMI (Enterprise Management Incentives) Option Plan, which is compliant with UK law. The template provides a comprehensive guide for companies listed on the Alternative Investment Market (AIM), particularly those seeking to create an EMI Option Plan to incentivize and reward employees.

The document outlines the necessary regulations and provisions required to form an effective EMI options scheme, ensuring compliance with relevant UK legislation, such as the Income Tax (Earnings and Pensions) Act 2003, as well as any guiding principles set by the London Stock Exchange for AIM-listed companies. It aims to address key components, including eligibility criteria, grant process, vesting periods, exercise of options, and tax implications for both the company and the participating employees.

The template may contain specific clauses pertaining to the company's individual circumstances, such as the maximum number of options available, the exercise price, and any performance-based milestones that need to be reached for options to vest. It may also include clauses addressing situations such as the termination of employment, leaving the company, or potential scenarios of an acquisition or change in control.

Overall, this legal template assists companies in navigating the complexities of establishing an EMI Option Plan within the specific context of the Alternative Investment Market in the UK, outlining the necessary rules and regulations to ensure compliance and provide a fair and effective incentive scheme for employees.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Work Dress Code Policy

The legal template titled "Work Dress Code Policy under UK law" is a comprehensive document designed to guide organizations on establishing and enforcing dress code policies for their employees in compliance with UK legislation. This template entails carefully constructed guidelines that outline acceptable and unacceptable dress standards within the workplace, ensuring that the policy adheres to applicable laws and regulations.

The document begins by providing a brief introduction explaining the purpose and scope of the dress code policy. It then highlights relevant legislation, such as the Equality Act 2010, which emphasizes the importance of ensuring the policy does not discriminate against any protected characteristic, including gender, religion, disability, age, or other similar factors.

The template then proceeds to offer a series of sections addressing key aspects of the policy. This includes provisions on appropriate attire for different roles and departments, grooming standards, required safety equipment and protective clothing where necessary, and any specific guidelines relating to uniforms or company-branded clothing.

Moreover, the template covers potential exceptions or accommodations for religious or cultural practices, disability-related requirements, or health and safety concerns. It may also discuss any implications for remote or virtual working arrangements if applicable.

To provide clarity, the template may provide specific examples of acceptable and unacceptable clothing choices, hairstyles, jewelry, tattoos, and body modifications. Additionally, it may outline consequences for non-compliance, emphasizing progressive disciplinary measures that can be taken for repeated violations.

Furthermore, the template may include a section on informing employees about the dress code policy, outlining the procedures for disseminating the policy, and ensuring that all employees have read, understood, and acknowledged it. This may involve the use of training sessions, information handouts, or incorporation into the employee handbook.

By utilizing this legal template, organizations can establish a clear and compliant dress code policy tailored to their specific needs while ensuring consistency, fairness, and respect for diversity within the workplace.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
6
RATINGS
1
DISCUSSIONS
0

Works Contractor Collateral Warranty (To Purchaser/Tenant)

The Works Contractor Collateral Warranty (To Purchaser/Tenant) under UK law is a legal template or document that outlines the terms and conditions of a warranty agreement between a works contractor and a purchaser or tenant in the United Kingdom.

In construction and property projects, the works contractor collateral warranty serves as an additional layer of protection for the purchaser or tenant, ensuring that they have direct contractual rights against the works contractor in case of any defects or issues with the works carried out. This warranty is typically used when a third party, such as a funder or an employer, requires additional assurances regarding the performance of a works contractor.

The template includes essential clauses that cover various aspects of the agreement, such as the scope of works, quality standards, fitness for purpose, compliance with regulations, and insurance requirements. It also sets out the specific obligations and responsibilities of the works contractor, such as rectifying defects or deficiencies, providing maintenance and aftercare services, and indemnifying the purchaser or tenant against any losses or damages incurred due to the contractor's negligence or breach of contract.

By using this legal template, both parties can clearly define their rights and obligations, providing peace of mind and legal recourse if any disputes arise throughout the project or during the occupation of the property. It adheres to UK law, taking into account relevant legislation, regulations, and common legal practices within the construction and property sectors in the United Kingdom.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
2
RATINGS
1
DISCUSSIONS
0

Web Designer Contract

This Web Designer contract template is designed for a commercial web design organisation (or an individual web designer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of web design and web-design-related services to be completed by the web designer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the web design firm or individual web designer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).

Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
2
RATINGS
3
DISCUSSIONS
1