EMI Option definition

EMI Option means a qualifying EMI option which meets the requirements of Schedule 5 of ITEPA.

EMI Option means an option granted under this UK Sub-Plan which is a qualifying option for the purposes of the EMI Code as defined in section 527(4) of ITEPA;

EMI Option means an option granted under Schedule 5 (enterprise management incentives) to ITEPA 2003 held by employees of any Acquired Companies to acquire any shares in the capital of the Company.

Examples of EMI Option in a sentence

• An Option that is not intended to be an Incentive Stock Option (as hereinafter defined) or an EMI Option (as hereinafter defined) shall be designated a “Nonstatutory Stock Option”.

• Where the EMI Option is opted for and specified as such in the Certificate of Insurance, any payments that are overdue and unpaid by the Insured Person prior to the occurrence of the event giving rise to a claim under this benefit will not be considered for the purpose of this benefit and shall be deemed as paid by the Insured Person.

• The options for the 2020 EMI Option Scheme vest two years after the date of grant.

• The Employer Company shall, in respect of the EMI Option, complete the EMI notification form electronically so as to be received by HMRC within the period of 92 days after the Date of Grant (or such other period as may be specified by paragraph 44 of Schedule 5 at the relevant time).

• If the Shares are sold 12 months or more after the date of grant of the EMI Option , and you remain employed within the Group, CGT will be payable at 10% after taking account of the annual CGT exemption.

More Definitions of EMI Option

EMI Option means an enterprise management incentive option which is a qualifying option for the purposes of Schedule 5.

EMI Option means an Option which is a qualifying option to acquire shares for the purposes of Chapter 9 of Part 7 of the 2003 Act;

EMI Option means a Company Share Option which is intended to satisfy the requirements of Schedule 5, ITEPA.

EMI Option means an option that satisfies the requirements of Schedule 5 of ITEPA.

EMI Option means an Option granted in accordance with the provisions of Rule 9;

EMI Option means each option granted by the Parent under the EMI Option Agreement(s) and pursuant to the Plan to acquire shares of common stock in the Parent in accordance with the Enterprise Management Incentives code set out in Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003.

EMI Option means an Option which is a qualifying option to acquire shares for the purposes of Schedule 14;