Market Value (Or Nominal Cost) Options Award Certificate (Long-Term Incentive Plans)
Publisher one
Genie AISource file
market_value_(or_nominal_cost)_options_award_certificate_(long-term_incentive_plans)_template.docxJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💴 Award certificateBusiness activity
Grant market valueAn award certificate is a document that outlines the terms of an agreement between an employer and an employee. It covers the wages and conditions of employment, and any other relevant information.
The template outlines the legal framework and guidelines under UK law for granting options to employees at either Market Value or Nominal Cost. Market Value options are awarded based on the prevailing market price of the company's shares at the time of grant, ensuring fair and competitive compensation. On the other hand, Nominal Cost options are granted at a minimal price per share, often significantly lower than the market value, as a form of discounted incentive.
The certificate provides specific details on the terms and conditions of the options awarded, including the exercise price, exercise period, vesting schedule, and any additional provisions or restrictions that may be applicable. It ensures compliance with legal requirements, such as documentation, disclosure, tax considerations, and accounting regulations, to safeguard the interests of both the company and the participating employees.
Furthermore, the template may also cover provisions related to option plan administration, such as the role of the company's board of directors, the creation of option pools, and specific conditions for exercising the options, such as employment status or achievement of certain performance goals or milestones.
This legal template offers a comprehensive framework for implementing Market Value (or Nominal Cost) Options Award Certificate within LTIPs under UK law, ensuring transparency, fairness, and legal compliance in the provision of long-term incentives to employees.
How it works
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
Book your personalised demo now
Similar legal templates
Truck Driver Contract
This Truck Driver contract template is designed for a commercial logistics organisation (or an individual truck driver) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of logistics and logistics-related services to be completed by the truck driver 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 logistics firm or individual truck driver 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).
Publisher
Genie AIJurisdiction
England and WalesTermination Letter For Employee On Maternity Leave Following Redundancy Consultation
Publisher
Genie AIJurisdiction
England and WalesTUPE Advice Letter To Employees
This letter aims to inform employees about the impact of a TUPE transfer on their employment rights, terms and conditions, and any potential changes they may face as a result. It outlines the legal framework and provisions applicable to the transfer, clarifying how employees' roles, obligations, and benefits will be affected during and after the transfer process.
Included in this template are explanations regarding the continuity of employment, protection against unfair dismissal, the importance of transferring employee data, potential changes in contractual terms, and any consultations or negotiations taking place between the transferring organizations. The letter may also address the transferor and transferee's responsibilities, such as sharing relevant employee information and ensuring transparency throughout the process.
Overall, the TUPE Advice Letter To Employees is a crucial document that aims to ensure employees fully understand their rights, entitlements, and any potential changes resulting from a business transfer or service provision change, enabling them to make informed decisions about their employment.
