Enterprise Management Incentive (EMI) share option agreement pack: conditional on exit
This is a pack containing all the documents you need to set up completely an Enterprise Management Incentive (EMI) share option scheme with one or more employees. The triggering condition for the options is the sale of the company.
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
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About this document
These are all the documents required to create an Enterprise Management Incentive share option scheme.
EMI schemes are designed to help companies recruit and retain high quality employees who have the skills necessary to grow the business. They are frequently used by start-ups who might otherwise be perceived as risky to join to the career path of an experienced professional, and by established companies who wish to retain key staff in a tax advantaged way without giving the rights of control of the company that attach to shares. More information can be found here.
This pack is based around an exit-based option agreement, where the company wants the employee only to be able to buy the shares during or following a sale of a controlling interest in the company.
We also offer a pack based on a standard EMI option agreement without a specific trigger.
- EMI share option agreement: conditional on exit
- Directors' board minutes to approve the scheme
- Request letter for share valuation
- Form providing notice of the scheme to HMRC
- Plain English notes to guide you in editing the documents to suit your requirements precisely
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