Replacement clauses for Stand-alone EMI Option Agreement to be used in an EMI option rollover

Resource type: Standard document

Status: Maintained

Jurisdiction: United Kingdom

This document provides three background clauses, one definition, one operative clause, one testimonium and two signature clauses to be substituted into a Stand-alone EMI option agreement.

This will produce a suitable precedent agreement for the release of an existing EMI option (over shares in a company now under the control of another) in consideration of the grant of a replacement EMI option (by the acquiring company) under the statutory EMI option rollover provisions.

For more on this topic, see Practice note, EMI option rollover - practical issues and Practice note, EMI option rollover - practical issues: a checklist.

PLC Share Schemes & Incentives

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  • Resource ID: 9-381-3949
  • Products:  PLC UK Share Schemes & Incentives, PLC UK Share Schemes & Incentives Firmstyle
  • This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.
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