Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Employee definition

What does Employee mean? Describes an individual engaged under a contract of employment (a contract of service) who enjoys the fullest employment law protections, such as unfair dismissal, redundancy pay, statutory notice and much family leave. In practice, employee status is determined by legislation read with case law on the reality of the relationship, typically examining personal service (no unfettered substitution right), employer control, and mutuality of obligation, alongside integration and other indicia. In England & Wales and Scotland, the Employment Rights Act 1996 defines an employee as an individual who has entered into or works under (or, where employment has ceased,...

UK Employee Share Schemes: Objectives, Types, Tax Treatment, Advantages, Disadvantages and Practice

Published by a LexisNexis Share Incentives expert

Practice notes

Why not just reward staff with cash?

Paying cash can be a straightforward, less onerous way to recognise and incentivise employees. However, this Practice Note explores the advantages and disadvantages of share schemes as a broad concept. For fuller guidance on the pros and cons of each specific scheme, see Practice Note: The advantages and disadvantages of each share incentive arrangement.

This Practice Note covers:

why companies implement share schemes
what types of share schemes exist
the advantages of share schemes (from both company and employee perspectives)
the disadvantages of share schemes (from both company and employee perspectives)
use of share schemes

Why do companies implement share schemes for their employees?

There are many reasons why companies choose to introduce employee share schemes, and these often reflect the organisation’s size and its particular objectives...

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Web page updated on 22/05/2026

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