Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
share incentive schemes — Also known as employee share schemes or share option schemes. Share schemes used to recruit, retain and motivate employees (particularly executives) and, in theory, align the executives interests with those of the shareholders. There are many… … Law dictionary
share option — share options N COUNT A share option is an opportunity for the employees of a company to buy shares at a special price. [BRIT, BUSINESS] Only a handful of firms offer share option schemes to all their employees. (in AM use stock option) … English dictionary
share option scheme — A scheme whereby an employee initially acquires an option to subscribe for shares of the company at some future date. For unapproved schemes, these must not, for tax reasons, be exercisable greater than seven years from the date of the grant.… … Law dictionary
approved executive share option scheme — Approved Executive Share Option Scheme/Selective Share Option Scheme A share option scheme approved by the Inland Revenue under the provisions of the Income and Corporations Taxes Act 1988. These types of schemes are by far the most flexible of… … Law dictionary
Selective Share Option Scheme — Approved Executive Share Option Scheme/Selective Share Option Scheme A share option scheme approved by the Inland Revenue under the provisions of the Income and Corporations Taxes Act 1988. These types of schemes are by far the most flexible of… … Law dictionary
unapproved share option scheme — A share option scheme that is not Inland Revenue approved. One of the major reasons for using an unapproved scheme is to enable the company to grant an option at a subscription price below the market value of the shares and to avoid the ₤30,000… … Law dictionary
Approved Savings-Related Share Option Scheme — A share option scheme linked to a savings contract taken out usually with our building society governed by the Income and Corporation Taxes Act 1988. The limits to the amount that may be saved and the number of shares over which an option may be… … Law dictionary
share incentive scheme — Any scheme in which employees who achieve personal or group performance targets are rewarded with shares in the company. There are many different types of scheme. In recent years, some companies have been severely criticized by shareholders for… … Accounting dictionary
share incentive scheme — Any scheme in which employees who achieve personal or group performance targets are rewarded with shares in the company. There are many different types of scheme. In recent years, some companies have been severely criticized by shareholders for… … Big dictionary of business and management
employee share scheme — a scheme for sharing company profits with employees with the object of conferring on them a participation in the company in the hope of engendering greater commitment from them. Schemes operate either by distributing shares already paid up by the … Law dictionary
