Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Plans definition

What does Plans mean? Describes the set of design and technical documents for a project. In practice, parties use Plans to mean the drawings and related information that describe the works and are relied upon for design, planning, procurement and construction. The term is not generally defined by statute or case law; its scope is fixed by the contract or licence. Plans means all plans, drawings, models, specifications, reports, design documents and any other materials provided by the Licensor for the purposes of the Project, in hard copy or electronic form, including (without limitation) CAD/BIM models, federated models, schedules, surveys, calculations, method statements, datasheets and...

UK sub-plans to overseas share option plans: necessity, drafting and enforceability, including EMI/CSOP/SAYE compliance, HMRC reporting, board/shareholder approvals, alternatives and UK-specific terms

Published by a LexisNexis Share Incentives expert

Practice notes

Offering share options to employees internationally

Firms with staff spread worldwide must decide how consistent and harmonised their employee share option scheme should be. It is not a yes-or-no choice, but a spectrum. The decision involves weighing administrative simplicity and fairness against meeting local obligations and expectations in each location. At one end sits a rigid single-plan-for-all with no local tailoring; moving along the range you permit degrees of localisation, through to the far end where there might be a distinct plan per country (or clusters of countries). Each point on that continuum alters effort and the plan’s operation in practice. A universal model is often simpler to run, delivering uniformity and parity among employees, yet it may trigger local compliance challenges. Creating separate local plans enables a business to satisfy domestic requirements and align with employee expectations. The downside is divergent administration and variations in employee treatment, which can be especially difficult where the workforce is highly mobile. Here, a middle path such as a UK sub-plan or a UK addendum can prove useful.

Is it necessary to have a UK sub-plan?

This is the first issue for global companies bringing their share option plan to the UK. As...

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Jeremy Edwards

Baker McKenzie

Jeremy has 18 years' experience as an employee benefits lawyer and 2 years experience as a corporate lawyer. Jeremy advises on all aspects of employee share plans, executive compensation and the taxation of employees. Jeremy has substantial UK experience, including implementing plans for UK listed companies, advising on UK tax issues and dealing with share plans in the context of corporate transactions. Jeremy also has extensive experience in connection with the implementation of share plans globally and working with multinational clients....

Gill Parnell

Baker McKenzie

Gill advises on a wide variety of matters relating to employee share incentives and employment taxation, including executive remuneration and the taxation of internationally mobile employees. Gill has a focus on the tax aspects of the modern workforce and, in particular, is helping clients to prepare for the changes in IR35. Gill assists UK and multinational companies with the design, implementation and administration of their UK and international share plans. She also advises on employee share incentives and executive remuneration in the context of corporate transactions. Gill has been named by Legal 500 as a "Next Generation Lawyer" in 2017 and a "Rising Star" in 2019....

Web page updated on 22/05/2026

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