Time And Performance Option Grant Rules For EMI Share Option Plan

This particular legal template focuses on a resolution to amend the articles of association of a company operating under UK law. The purpose of this amendment is to eliminate director discretion when it comes to dealing with share security. Share security refers to the practice of using shares as collateral for a loan or other financial transaction.

By removing director discretion, this template aims to establish a more standardized and objective approach to the handling of share security within the company. It ensures that any decision related to the shares, such as their transfer, sale, or use in securing loans, will be bound by explicit rules and regulations outlined in the amended articles of association.

The resolution may outline the specific changes and modifications to be made in the articles of association. This could include adding new clauses to restrict director discretion and provide detailed guidelines on how share security should be handled. The intent is to create a more transparent process that minimizes potential misuse of share security arrangements and protects the interests of shareholders and the company as a whole.

Companies opting to adopt this template may choose to customize it according to their specific needs and circumstances. It can be particularly useful for companies seeking to enhance corporate governance, increase transparency, and ensure compliance with relevant legal provisions governing share security in the UK.

The Workplace Mediation Agreement for Employment Disputes under UK law is a legal template tailored to address and resolve conflicts that may arise in a professional setting. This agreement outlines the process and terms for mediation, a collaborative method of conflict resolution facilitated by an impartial mediator.

The template is specifically designed to cater to employment-related disputes that occur within the jurisdiction of UK law. It provides a framework for employees and employers to engage in structured discussions with the objective of finding mutually beneficial solutions to conflicts, improving workplace relationships, and fostering a harmonious work environment.

This template typically includes provisions such as the appointment of a trained mediator, guidelines for the mediation process including steps and timelines, confidentiality requirements, and agreements on how costs will be shared between the parties involved. It also establishes the willingness of both parties to actively participate in good faith and openly discuss the issues at hand.

Additionally, the agreement may address potential outcomes of the mediation process, such as a written settlement agreement, reinstatement, compensation, or any other relevant resolutions to be implemented following successful mediation. It clarifies that the settlement reached during the mediation process is binding and enforceable under UK law.

Overall, this legal template provides a clear and structured framework for parties involved in an employment dispute to engage in an alternative dispute resolution process, with the aim of fostering effective dialogue, promoting understanding, and reaching a mutually acceptable resolution in compliance with UK employment laws and regulations.

The "Value Added Reselling of Software Agreement under UK law" is a legal template that outlines the terms and conditions governing the relationship between a software provider (licensor) and a reseller (licensee) operating in the United Kingdom.

This agreement is specifically designed for businesses engaged in value-added reselling of software, which involves purchasing software from the licensor and adding value by customizing, combining, or integrating it with other products before reselling to end-users. It aims to establish the rights, responsibilities, and obligations of both parties, ensuring a smooth and mutually beneficial business partnership while complying with UK laws.

The template typically covers various key provisions, including:

1. Definitions: Clearly defining key terms and entities involved in the agreement, such as licensor, licensee, software, value-added services, and end-users.

2. Grant of License: Outlining the scope and limitations of the license granted to the licensee, such as the permitted use, territories, and any restrictions or conditions imposed by the licensor.

3. Value-Added Services: Defining the value-added activities that the licensee is authorized to undertake. This section may cover customization, integration, maintenance, technical support, training, or any other services mutually agreed upon by the parties.

4. Intellectual Property Rights: Detailing the ownership and protection of intellectual property rights related to the software and any modifications or enhancements created by the licensee during value-added activities.

5. Pricing and Payment: Defining the pricing structure, payment terms, and any applicable royalties or commissions payable by the licensee to the licensor. This section may also address any marketing or promotional obligations and the sharing of revenues between the parties.

6. Confidentiality: Outlining the obligations to maintain the confidentiality of proprietary information, trade secrets, and any other confidential materials exchanged between the parties during the partnership.

7. Term and Termination: Specifying the duration of the agreement, conditions for renewal or termination, and any rights to terminate for breach or upon mutual agreement.

8. Indemnification and Liability: Establishing the responsibilities of each party regarding liabilities, warranties, and indemnification against any claims arising from the use, distribution, or value-added activities related to the software.

9. Dispute Resolution and Governing Law: Identifying the methods for resolving disputes, whether through negotiation, mediation, or arbitration, followed by the governing law of the agreement, which, in this case, would be UK law.

It is important to note that this description provides a general overview of the potential contents of the legal template. The specific terms and provisions may vary depending on the needs of the licensee and licensor and should be adapted, reviewed, and revised by qualified legal professionals familiar with UK laws.