The Unapproved Share Option Plan (“USOP”) is a simple and cost effective way of providing share options to both employees and non-employees such as contractors.
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As a share option plan, the Unapproved Share Option Plan offers selected participants the opportunity to purchase shares in a company at a fixed price.
Individual performance conditions can be designed into the plan, helping to ensure rewards are only distributed when key corporate objective have been met.
It can be used as a stand-alone share option plan, or alongside the tax-advantaged Company Share Option Plan (CSOP) in order to provide top-up awards.
At RM2, we believe in taking a consultative approach to building share plans and finding out precisely what our clients are looking to achieve. This approach helps us to deliver a professional and effective service, helping clients meet their goals and plan for the future. Our highly experienced team are well positioned to guide your company through every stage of the share scheme process, including:
The design will flow from your objectives, so the more precise you are the better. What is your business plan, and what you need from your employees to execute this plan successfully? Do you want to focus people on an exit? Do you want to reward all employees as a team? Do you have just one key recruit in mind? We will ask you lots of questions to tease out your objectives.
Once the design and modelling are complete, we will work through your company structure and identify what changes need to be approved by shareholders. We will then prepare resolutions to be passed and work with you to obtain approval from shareholders.
Once an employee share scheme is setup, it is vital that it is administered effectively to ensure that:
We have successfully designed, implemented and administered over 1,150 share plans across a range of sectors, so you can rest assured your plan will be in the best possible hands.
If you would like to find out more about how a Company Share Option Plan can help your business, why not call a member of our team directly on 020 8949 5522, request a callback using the button located at the top of the page, download our fact sheet or send an email to firstname.lastname@example.org.
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