CORPORATE LAW
Enterprise Management Incentives (EMI)
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Enterprise Management Incentives (EMI) FAQs
What are Enterprise Management Incentives (EMIs)?
What are the criteria that has to be met to qualify for an Enterprise Management Incentive (EMI) Scheme?
Employees have to work at least 25 hours per week or spend at least 75% of their time working for the company to qualify for an Enterprise Management Incentive (EMI) Scheme. Any employee who also owned 30% or more of the share capital before the scheme was introduced cannot take part in it.
Disqualifying Events
• The business gets bought and falls under the control of another company
• The company failing to meet the trading activities test
• A significant variation in the terms of the option
• A non-commercial alteration to the share capital of the company that increases the value of shares under option.
However, if the Enterprise Management Incentive option is used within 90 days of the disqualifying event then all Income Tax and National Insurance Contribution benefits are kept.
What are the benefits of using an Enterprise Management Incentive (EMI) Scheme?
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