Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Type of legal document

💳 EMI share option plan

Business activity

Create EMI 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 is a comprehensive guide that outlines the procedures and considerations for implementing an Employers EMI (Enterprise Management Incentive) Option Plan specifically designed for an AIM (Alternative Investment Market) listed company operating under UK law. An EMI Option Plan is a type of share-based remuneration scheme aimed at rewarding and incentivizing employees by granting them the opportunity to purchase shares in their employer company at a predetermined price within a specified timeframe.

This guide is tailored to address the specific legal requirements and regulations associated with an AIM listed company, ensuring compliance with the necessary legal framework and provisions under UK law. It provides an overview of the EMI Option Plan, its benefits, and the eligibility criteria that employees must meet to participate in the scheme.

Furthermore, the template discusses the process of implementing the plan, including the valuation of shares, the approval and adoption of the plan by the company's directors, and the necessary communication with HM Revenue and Customs (HMRC) for obtaining tax advantages associated with EMI schemes.

The guide also covers the administration and operation of the EMI Option Plan, outlining the rights and restrictions associated with the granted options, their exercise periods, and any potential vesting schedules that may apply. It also provides guidance on the tax implications for both the employer and employees under UK law, explaining the relevant tax reliefs available and the reporting requirements to ensure compliance.

Overall, this legal template serves as a comprehensive and user-friendly resource for AIM listed companies in the UK seeking to implement an Employers EMI Option Plan, providing them with a step-by-step guide to understanding the legal requirements, taxation considerations, and best practices associated with such schemes.

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

Policy For Shared Parental Leave (Birth)

This legal template titled "Policy for Shared Parental Leave (Birth) under UK law" outlines the regulations and guidelines associated with the shared parental leave entitlement given to parents following the birth of a child in the United Kingdom.

The document provides comprehensive information about the rights and responsibilities of eligible employees seeking to take advantage of shared parental leave, primarily focusing on the birth of a child. It sets out the legal framework established by UK law, including the relevant legislation and statutory provisions that govern this aspect of parental leave.

This legal template covers the essential aspects related to shared parental leave, such as eligibility criteria, notification requirements, and the procedure to apply and request this type of leave. It further explains the statutory entitlements for both parents, the total leave duration available, and the mechanisms for dividing and sharing the leave between them. The template provides clarification on the rights and protections ensured for employees exercising their shared parental leave rights.

In addition to the regulatory framework, the document may include practical guidance on the administrative processes involved, such as documentation requirements, communication channels, and the role of key stakeholders like employers, line managers, and HR departments in facilitating shared parental leave arrangements. It may offer samples of standard forms or templates to facilitate the application and record-keeping process.

Overall, this legal template provides a comprehensive policy framework that ensures compliance with UK law and facilitates a smooth and fair implementation of shared parental leave following the birth of a child. It aims to inform employers and employees about their rights and obligations, promoting equality in parental responsibilities and supporting work-life balance for new parents in the UK.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
10
RATINGS
3
DISCUSSIONS
1

Policy For Shared Parental Leave (Adoption)

This legal template would likely outline the policy for shared parental leave with a specific focus on adoption in accordance with UK law. The template would lay out the rights and responsibilities of both adoptive parents in terms of taking time off work to care for their newly adopted child. It would cover the eligibility criteria for shared parental leave, the procedures for requesting leave, and the necessary documentation to support the leave request. Additionally, the template may detail the duration and scheduling of shared parental leave, including any limitations or restrictions outlined by UK legislation. The template would serve as a resource for employers looking to establish a fair and comprehensive policy that complies with the legal requirements surrounding shared parental leave for adoptive parents in the United Kingdom.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
7
RATINGS
4
DISCUSSIONS
3

Simple Parental Leave Policy (SMEs Friendly)

This legal template pertains to a Simple Parental Leave Policy specifically designed for small and medium-sized enterprises (SMEs) operating under the jurisdiction of UK law. The template outlines the guidelines and provisions related to parental leave that SMEs can implement to support their employees who are becoming parents or adopting a child. It details the rights and entitlements granted to employees in terms of time off from work for maternity, paternity, or adoption leave, while also providing guidance on the process for requesting and approving parental leave. This template is aimed at assisting SMEs in implementing a fair, compliant, and supportive policy that takes into consideration the legal requirements surrounding parental leave in the UK, enabling employers to effectively manage their workforce and create a positive work-life balance for their employees.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
7
RATINGS
2
DISCUSSIONS
3