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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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. […]

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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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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. […]

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