Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Joint Share Ownership Plan definition

What does Joint Share Ownership Plan mean? A Joint Share ownership Plan (JSOP) is an employee share scheme in which an employee and a third party (usually the trustee of an employee benefit trust (EBT)) jointly acquire or hold the same share, with their respective economic and voting rights split under a joint ownership agreement (JOA). The employee typically holds a “growth” interest above a hurdle, while the trustee holds the initial value, with detailed vesting, leaver and disposal provisions. “JSOP” is a descriptive market term, not defined in legislation. In the UK, JSOP awards are treated as employment-related securities and usually fall within the...

Joint Share Ownership Plan (JSOP) Deed: Participant-Trustee Co-ownership, Performance Vesting, Sell/Buy Rights, Leaver and Corporate Event Provisions (England and Wales)

Published by a LexisNexis Share Incentives expert

Precedents

This Deed is entered into on the [ insert ] day of [ insert month ] 20 [ insert year ].

Parties

[ Insert name ] of [ address ] (the Participant);
[ Insert name of company ], a company incorporated in England and Wales (registered number [ insert]), whose registered office is at [ insert address ] (the Company); and
[ Insert name of trustee ], incorporated in [ insert jurisdiction ] with registration number [ insert ] and with a registered office at [ insert address ], as trustee (the Trustee) of the [ insert name of trust ].

Background (A)

The Company wishes to incentivise certain executive directors and employees within the Group by permitting them to acquire interests in its shares and has provided recommendations to the Trustee in connection with this. The Participant is an executive director or employee of the Group...

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Web page updated on 22/05/2026

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