Form EMI1 must be submitted to SCEC within 92 days of an EMI option grant. Delays caused by using the wrong address could result in the option failing to qualify as an EMI option. […]
Category: Compensation and Benefits
Compensation & Benefits: Extension to paternity leave revisited – employers fear administrative burdens and scope for fraud
The government will shortly be consulting on proposals to allow fathers to “share” some of a mother’s maternity leave entitlement.
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Compensation & Benefits: New levy on workplace parking
On 1 October 2009 new regulations come into effect that will allow local authorities in England (excluding Greater London), to introduce schemes under which employers and educational establishments will be charged for each parking space they provide. […]
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Effective date of termination of employment – impact on incentive plans
The Supreme Court confirm the timing of the effective date of termination (“EDT”) of employment on summary dismissal – a key date for vesting of rights under incentive plans. […]
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Court of Appeal refuses to extend legal professional privilege (“LPP”) to non-lawyers
Clients who obtain advice from non-lawyers may not be able to prevent the disclosure of information given to advisors. […]
Employers may withhold discretionary bonuses even where performance is satisfactory
When determining whether to award a discretionary bonus or not the key issue for the Courts to look at is whether the employer’s decision was irrational or perverse and not whether the employees performance was sufficient to justify a bonus. […]
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Amended Prospectus Directive finalised – extended exemption for employee shares schemes
The proposed early enactment into UK law of 2 of the recent amendments to the Prospectus Directive and the expansion of the share schemes exemption to include all EU companies. […]
Breaking news – New CEBS guidelines published on 10 December
Further to our article – CRD 3 and restrictions on remuneration in the financial services sector, the Committee of European Banking Supervisors (“CEBS”) has published new guidelines on the Capital Requirements Directive (“CRD 3”). […]
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New Paternity Leave Rules
From April 2011 parents are able to share their time off work during their baby’s first year. […]
Looming deadline for filing annual return forms for approved and unapproved share schemes
Looming deadline for filing annual return forms for approved and unapproved share schemes
The annual return forms must be filed by the relevant deadline or a penalty may be imposed by HMRC. […]