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 company either directly to the employees themselves or to trustees for them or by conferring on employees options to acquire shares on favourable terms. The Income and Corporation Taxes Act 1988 provides special rules in respect of authorised schemes.

Collins dictionary of law. . 2001.


employee share scheme
employee share schemes, | share incentive schemes | 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 different types.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • employee share ownership plan — /ɪmˌplɔɪi: ʃeə ˌəυnəʃɪp plæn/, employee share ownership programme /ɪmˌplɔɪi: ʃeər ˌəυnəʃɪp ˌprəυ ræm/, employee share scheme /ɪmˌplɔɪi: ʃeə ski:m/ noun a plan which allows employees to obtain shares in the company for which they work (though tax… …   Dictionary of banking and finance

  • employee share option scheme — A type of share option scheme where the employee is granted an option to acquire shares at the end of the option period for the price at the date the option is granted. If the share price has moved up by then, the employee will have the benefit… …   Law dictionary

  • employee share ownership plan — (ESOP) A discretionary trust, normally for the benefit of employees, ex employees and dependants. Used to supply shares on the exercise of share options as an alternative to issuing new shares. Also used in conjunction with long term incentive… …   Law dictionary

  • employee share ownership plan — ESOP A method of providing the employees of a company with shares in the company. The ESOP buys shares in its sponsoring company, usually with assistance from the company concerned. The shares are ultimately made available to employees, usually… …   Accounting dictionary

  • employee share ownership plan — ESOP A method of providing the employees of a company with shares in the company. The ESOP buys shares in its sponsoring company, usually with assistance from the company concerned. The shares are ultimately made available to employees, usually… …   Big dictionary of business and management

  • employee share ownership trust — ESOT A trust set up by a UK company, under the provisions introduced in 1989, to acquire shares in the company and distribute them to the employees. The company s payments to the trust are tax deductible. The trust deed sets out the specified… …   Accounting dictionary

  • employee share ownership trust — ESOT A trust set up by a UK company, under the provisions introduced in 1989, to acquire shares in the company and distribute them to the employees. The company s payments to the trust are tax deductible. The trust deed sets out the specified… …   Big dictionary of business and management

  • employees' share scheme — employee share schemes, | share incentive schemes | 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… …   Law dictionary

  • qualifying employee share ownership trust — (QUEST) A statutory employee share trust (as opposed to a common law ESOP trust). Employee share trusts are discretionary trusts, the beneficiaries of which are employees and former employees of the company establishing the trust and, if the… …   Law dictionary

  • all employee share ownership plan — (AESOP) A HM Revenue & Customs approved share scheme which offers tax benefits, now known as share incentive plans. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

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