Having talented, motivated employees encourages corporate success. Annette Morley (Annette Morley Advising) shows how an EMI scheme could help achieve that winning team.
The enterprise management incentive (EMI) scheme has a familiar feel to most accountants and also to some of their client companies. It is well known that it involves making shares available to key employees under tax advantaged circumstances. It is also known that specific conditions need to be met to achieve those advantages. Most advisers will understand that it is an option to acquire shares that is granted to the employee rather than a straight issue of shares. However the detail of the option agreement and the decisions both commercial and tax related that need to be taken when defining the terms of the option are rarely anticipated in practice. Those issues are addressed in this article.
EMI key features: a...
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Having talented, motivated employees encourages corporate success. Annette Morley (Annette Morley Advising) shows how an EMI scheme could help achieve that winning team.
The enterprise management incentive (EMI) scheme has a familiar feel to most accountants and also to some of their client companies. It is well known that it involves making shares available to key employees under tax advantaged circumstances. It is also known that specific conditions need to be met to achieve those advantages. Most advisers will understand that it is an option to acquire shares that is granted to the employee rather than a straight issue of shares. However the detail of the option agreement and the decisions both commercial and tax related that need to be taken when defining the terms of the option are rarely anticipated in practice. Those issues are addressed in this article.
EMI key features: a...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
