Employee Share Schemes sii员工持股计划SII.uk.pptVIP

Employee Share Schemes Philip Fisher Employee Benefits Partner Recruitment and Retention Motivate key people Retain key people Incentivise all staff Tax breaks Pay-off on float or sale Start again HMRC Approved Schemes Enterprise Management Incentives (EMI) Share Incentive Plans (SIPs) Company Share Option Plans (CSOPs) Sharesave (SAYE) Unapproved Schemes Share options Direct shareholdings Restricted shares Partly paid shares Phantom share options EMI Schemes Selective ￡100,000 per individual/￡3m per employer Qualifying trades/￡30m Gross assets Freedom No tax on grant No tax on exercise – maybe CGT on sale Taper relief from grant SIPs All employee Shares Free shares - ￡3,000 Partnership shares - ￡1,500 Matching shares - ￡3,000 Dividend shares - ￡1,500 In trust for five years CSOPs Selective ￡30,000 per person Minimum exercise price 3 years minimum period Taper from exercise Sharesave Linked to SAYE scheme Monthly savings 3/5/7 years Linked to share option Takeovers Read the rules Exercise? Rollover? Buy out options? Floats Insider information Closed periods Option exercise Stock Exchange requirements International Considerations Mobile Staff Differing tax regimes Hidden pitfalls Tax planning ABI Guidelines Only “Guidelines” Public companies should comply Timing of grants Restrictive Length and price of options Performance conditions Total shares Philip Fisher Employee Share Schemes pfisher@