EMI Quote Request

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Help us understand what you need from your EMI Scheme

Help us understand what you need from your EMI Scheme

If you can help us understand what you need, we can make sure the quote and service you receive are both accurate and, importantly, what you ask for! If you aren't sure about an answer, and you are able to, leave it blank.

1
Contact Name
First Name
Last Name
2
What is your email?
example@example.com
3
Company Name
4
Company No.You can find this at Companies House
5
Are all the shares of the same type (eg Ordinary) and value (eg £1 nominal per share)?If you have never made any amends to a standard company, the likely answer is 'yes'.
YESNO
6
Do you wish to specify the type of shares the EMI Scheme relates to?If you have only one type of share, select 'no'. If you have many, you may need to select one.
YESNO
7
What is the total authorised share capital?How many shares has the company issues, in total, even if not issued to a shareholder.
8
How many shares have been issued to shareholders?This is the total of all shares held by all shareholders. The company may have a larger share capital.
9
What is the nominal share value of each share, and in what currency?eg £1.00
10
Do you want a minimum number of shares over which the option can be exercised?Leave blank if you are not sure
YESNO
11
The minimum number of shares over which an option can be exercised is...
12
Have you issued any options over any shares in the company?
YESNO
13
How many granted options remain unexercised?
14
Does your proposed EMI Scheme have a name?
YESNO
15
What is the propose EMI Scheme's name?eg ABC's EMI Scheme
16
How many shares do you want to be covered by the scheme?
This will be a % of the total issued share capital
17
How many people will be covered by the EMI Scheme?
18
Are you considering selling before the expiry of the scheme?
YESNO
19
Please provide details of the envisaged saleInclude dates, value, number of shares, purchasing company, stage of due diligence / documentation
Huge
Large
Normal
Small
Ok
Ok
20
When will the options be granted or vest in the employees?When can the employees who are part of the scheme become eligible to take part?
When the EMI Scheme is setup
Subject to performance
On sale
Other
21
Please describe the likely performance criteria and whether they have been agreed with the employees
Huge
Large
Normal
Small
Ok
Ok
22
Do the Directors want the ability to force EMI Scheme members to use or lose their option?eg on sale or restructure
YESNO
23
Do the Directors want to be able to grant options early, although they have not yet vested (for various reasons), if there is a sale?eg An employee may not yet have hit their target to trigger the option, but you may want to grant it anyway on sale
YESNO
24
Will the grant of the option be subject to conditions?
They must sign a shareholders agreement
The company must have achieved a certain EBITDA
The company must have increased its turnover since the date of the start of the EMI Scheme by £X
Other
25
Do you already have a Shareholder's Agreement?
YESNO
26
Has the EBITDA level been agreed with the employees?
YESNO
27
Has the level of turnover been agreed with the employees?
YESNO
28
Will the option lapse on termination of employment?
YESNO
29
If someone is a 'good leaver' will they be able to take some benefit from the scheme?A 'good leaver' can have a bespoke definition, but generally means if the quit on good terms, or they leave by agreement or retirement, etc.
YESNO
30
If they are a 'bad leaver' will the options be cancelled / lapse?
YESNO
31
If an option holder dies, will their Estate be able to exercise and or benefit from the option?If this did occur, the company may find shares are held (or the benefit held) by an external 3rd party or Estate.
YESNO
32
An option may be exercised after the option holder ceases to be an employee because of:
Retirement
Redundancy
Any other reason at the board's discretion
Other
33
Do you wish to set a minimum number of options that may be exercised at any one time?To regulate the administrative burden of compliance you may wish to require exercise of a proportion of options granted
YESNO
34
Are you happy notices and other formal correspondence relating to the EMI Scheme to be sent and received by email?If you select 'No', that alternative will mean post only notices and correspondence
YESNO
Should be Empty:

EMI Quote Request

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