Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Growth Shares definition

What does Growth Shares mean? Growth shares are a bespoke class of shares used in management and employee equity incentives. They entitle holders to participate only in the company’s value above an agreed hurdle (often a threshold share price or equity value), with limited or no rights to existing value. Also known as value shares or hurdle shares, the term is descriptive market usage and is not defined by statute or case law. Key features include: rights set out in the articles or share terms; restricted or nil dividends until the hurdle is met; limited voting; vesting and leaver provisions; and a defined...

Employment-related growth shares subscription deed with Threshold Price, tax indemnity and section 431 ITEPA election (England and Wales)

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Precedents

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

Parties

[ insert name of Company whose Shares are being subscribed for ], a company incorporated and registered in [ insert country ] with number [ insert company registration number ], with its Registered office at [ insert registered office ] (Company).
[ insert name of Subscriber ], of [ insert address of Subscriber ] (Subscriber).

BACKGROUND

The Subscriber has agreed to subscribe for [ insert number of Growth Shares to be subscribed for, and class of the growth shares ] shares, each with a nominal value of £[ insert nominal value of the growth shares ], in the capital of the Company, on and subject to the terms and conditions of this Agreement...

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Web page updated on 22/05/2026

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