Performance Based EMI Option Agreement For AIM Listed Company
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useType of legal document
📈 EMI Options AgreementBusiness activity
Create a stock option schemeAn EMI option is an agreement between an employer and employee that gives the employee the right to purchase shares in the company at a set price, usually at a discount to the market price. The agreement will specify the number of shares that can be purchased, the price at which they can be bought, and the period of time during which the option can be exercised.
An EMI option agreement typically grants employees or directors the right to purchase shares in the company at a predetermined price in the future. However, this particular template emphasizes performance-based criteria for exercising these options.
The agreement outlines the terms and conditions that govern the issuance and exercise of EMI options, including the performance criteria that must be met to be eligible for exercising the options. These criteria are usually based on predetermined targets or milestones set by the company.
The template covers various aspects, such as the eligibility of employees or directors to receive these performance-based EMI options, the exercise price, the vesting period (after which the options can be exercised), and the consequences in case of termination of employment or directorship.
Furthermore, the template incorporates provisions related to the tax treatment of EMI option schemes, referring to the special tax advantages afforded by the UK government to compliant EMI option plans.
Overall, this legal template serves as a comprehensive document outlining the rights, obligations, and conditions surrounding performance-based EMI options for employees or directors in an AIM listed company, ensuring legal compliance and facilitating employee incentivization and retention.
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
Security Officer Contract
This Security Officer contract template is designed for a commercial security organisation (or an individual security officer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of security and security-related services to be completed by the security officer 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 security firm or individual security officer 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 WalesSection 179 Consent To Carry Out Building Works On A Street
The template begins by providing a space for the applicant to enter their personal information and contact details. It then proceeds to specify the purpose and details of the proposed building works, such as the nature of the construction, the anticipated duration of the project, and its potential impact on the surrounding area.
Additionally, the template covers important legal considerations, including the requirement for the applicant to obtain any necessary permits or licenses from relevant authorities or supervision bodies. It may also include clauses relating to health and safety regulations, environmental protection, and compliance with building codes and standards.
Furthermore, the document outlines the responsibilities of the applicant, including indemnifying the local government or highway authority against any damages, liabilities, or claims that may arise due to the construction activities. It emphasizes the need for the applicant to ensure public safety by employing appropriate safety measures, implementing traffic control measures if necessary, and adhering to any restrictions or conditions imposed by the relevant authorities.
The template provides a section for the applicant to obtain consent from the local government or highway authority responsible for the street. This section typically includes the name and contact details of the authority, the process for submitting the application, and any associated fees or charges.
In concluding the template, there may be space for the applicant's signature, signifying their agreement with the conditions and obligations set forth in the document. The final version of the agreement is typically retained by both the applicant and the relevant authority for record-keeping purposes.
In summary, the "Section 179 Consent To Carry Out Building Works On A Street" legal template serves as a standardized framework for individuals or organizations seeking permission to undertake construction or building works on public streets in the UK. It ensures compliance with Section 179 of the UK Highways Act 1980 and helps protect the interest of all parties involved while promoting public safety and maintaining the integrity of the street infrastructure.
