Jurisdiction(s):
United Kingdom

Key definition

Style definition

What does Style mean? In legal practice, a style is a precedent or template for a document, used as a model when drafting similar documents (for example, contracts, deeds, pleadings, affidavits, company resolutions and wills). The term is descriptive rather than statutory; it is widely used in Scotland and understood across England and Wales, Northern Ireland and Ireland, where ‘precedent’ is more common. A style typically provides boilerplate wording, standard clauses and optional alternatives (often shown in square brackets), sometimes with drafting notes. Styles appear in firm house-style collections and published style books or formbooks. Practitioners must adapt any style to the client’s facts, transaction, forum...

LTIP Restricted Share Award Certificate Template (including Participant Acceptance Deadline, Vesting/Holding Period, Transfer Restrictions and Performance Targets Schedule)

Published by a LexisNexis Share Incentives expert

Precedents

This certifies you hold a Restricted Award to acquire up to the maximum Shares in [ insert name of Company whose shares are being granted under award ]. Granted on the Date of Grant under a global deed executed by the Company [ and subject to the Performance Target(s) attached ]. Made under the Plan Rules.

You must sign a Participant Agreement within [ 30 ] days of grant to accept the Restricted Award, otherwise it will lapse. Read the enclosed agreement and return it signed to [ insert name AND CONTACT DETAILS ] by [ insert TIME AND DATE ].

The Award will not normally Vest before the date above [ and remains conditional on the Performance Target(s) being met or waived ]. [ It will lapse automatically if you leave the Company or any Associated Company, save for the limited cases in the Rules ]. It is non-transferable and will lapse if you try to sell, assign, transfer, pledge, charge or otherwise encumber it. Unless otherwise defined, capitalised terms have the meanings in the Rules.

Signed: Signature.................................................. for [ [ insert name of Company ] OR [ Grantor ] ]. Keep this certificate safe.

The Schedule

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Web page updated on 22/05/2026

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