Jurisdiction(s):
United Kingdom

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Key definition

Agreement definition

What does Agreement mean? In competition law practice, an agreement is any form of coordination between undertakings that shows a meeting of minds about market conduct (for example pricing, output, customers or territories). It is not limited to a legally enforceable contract: it includes informal or “gentlemen’s” understandings, oral arrangements, email exchanges and tacit understandings, and extends to decisions of associations of undertakings. Mere parallel conduct is insufficient without evidence of contact or communication. The term is used in legislation and developed by case law: Article 101 TFEU, section 4 of Ireland’s Competition Act 2002, and the UK Chapter I prohibition in the Competition...

LTIP participant deed: acceptance of restricted, contingent or matched awards; holding period and nominee terms; s431 tax election and employer NICs; clawback/malus; governed by laws of England and Wales

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Precedents

This PARTICIPANT Agreement

This PARTICIPANT AGREEMENT must be executed and sent back within [ 30 ] DAYS from the date your Award is granted, OTHERWISE THE AWARD WILL Lapse. PLEASE, THEREFORE, REVIEW THIS AGREEMENT carefully together with the accompanying plan rules, and then sign this agreement in the presence of a witness (who should also sign and provide their particulars where requested), [and also sign the TAX election contained in the appendix]. After signing, please return the Agreement [and appendix] TO [ insert name AND CONTACT DETAILS ] so that it is received AS PROMPTLY AS POSSIBLE AND, IN ANY CASE, BY [ insert TIME AND DATE ]. [ insert name of company who granted the award pursuant to the long term incentive plan (LTIP) ] ( Company ) [ insert name of LTIP ] ( Plan ) I confirm my acceptance of the [ insert type of award — ie: matched, restricted or contingent award ] granted to me in accordance with the Rules of the Plan on [ insert date of grant of award ] (the Award)...

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Web page updated on 22/05/2026

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