Jurisdiction(s):
United Kingdom
Key definition
Execution definition

What does Execution mean? Execution describes how a party gives legal effect to a document—typically a contract or deed—by signing it (and, for some bodies, sealing it) and, for deeds, ensuring any required attestation and delivery/formalities are met. It is a practical term; the governing rules are set by legislation and case law in each jurisdiction. England & Wales and Northern Ireland: simple contracts are usually executed by signature, including by electronic signature if the signer intends to authenticate and has authority. Deeds require signature by an individual in the physical presence of a witness who attests the signature; companies execute under Companies...

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Enterprise Management Incentive (EMI) Share Option Deed of Grant with Incorporated Scheme Rules (Schedule 5 ITEPA 2003, England and Wales)

Precedents
imgtext

This Agreement is entered into on [ insert date of Execution of the share option agreement ]

Parties

  1. [ insert name of Company whose Shares are being granted under option ] (registered number [ insert registered number of company ]), with its Registered office at [ insert address of registered office of company ] (Company)
  2. [ insert name of Option Holder ], of [ insert address of option holder ] (Option Holder)
  3. [ [ insert name of Grantor (if different from Company) (registered number [ insert registered number of company ]) with its registered office at [ insert address of registered office of company ] ] (Grantor) ]

BACKGROUND

(A) [ The Company has agreed to provide the Option Holder with an Option to acquire Shares on the terms contained in this Agreement and subject to the Rules of the [ insert name of EMI option plan ] (Rules). ]...

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Web page updated on 22/05/2026

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