Examples of Company Share Option Plans in a sentence
Each Company Share Option was granted in compliance with all applicable laws and all of the terms and conditions of the Company Share Option Plans.
As of the date hereof, there are (i) outstanding share options issued under the Company Share Option Plans to purchase an aggregate of 28,755,798 Ordinary Shares (each, a “Company Share Option”) and (ii) 65,936,660 Ordinary Shares reserved for issuance under the Company Share Option Plans.
Within such schemes are the following plans:- Company Share Option Plans (“CSOPs”) (formerly known as “Executive Schemes”).- Enterprise Management Incentive (“EMI”) options.- Save As You Earn (“SAYE”) plans.• Plans that have not been nominated for Inland Revenue approval (“unapproved option plans”).(BCS Partnership, 2002.) The UK Inland Revenue published statistics on employee share plans in the United Kingdom covering the period 1979-1980 to 1998-1999.
The authorized share capital of the Company consists solely of 140 million (140,000,000) Company Shares, of which no more than 28,955,759 shares were outstanding as of October 24, 2003 of which 203,355 shares, which are reflected in the Company’s Statement of Changes in Shareholders’ Equity as shares held by affiliates, are shares held in trust for issuance under the Company Share Option Plans or the Company Share Purchase Plans.
SHARE OPTION PLANSWith Company Share Option Plans (CSOPs), a company has discretion over who can participate.
The board of directors of the Company or the applicable committee may exercise its powers under the Company Share Option Plans to accelerate, as of a date prior to the Effective Time as agreed by the Company and Parent, exerciseability of all outstanding Company Share Options.
HMRC has four tax-advantaged schemes which are the Enterprise Management Incentives (EMI) scheme, Company Share Option Plans (CSOP), Save As You Earn (SAYE) & Share Incentive Plans (SIP), but there are also Phantom Shares and Growth Shares to consider.
There is no Income Tax or NICs charged on either the grant or exercise of the option; however, for Capital Gains Tax (CGT) purposes, any gain is based on the cost of the shares at the option exercise price and not the market value of the shares on exercise.Share option plansWith Company Share Option Plans (CSOPs), a company has discretion over who can participate.
Types of tax approved share scheme are- • Save as You Earn (SAYE) • Share Incentive Plans (SIPs) • Company Share Option Plans (CSOPs) • Enterprise Management Initiatives (EMIs) Where an employee share scheme does not have HMRC approval it will not attract the tax advantages associated with the above scheme types.
In addition, as at the date hereof, options to acquire an aggregate of not more than 2,729,172 Company Common Shares are granted and outstanding under the Company Share Option Plans, and apart from such 2,729,172 Company Common Shares, no shares are reserved for any other purpose.