Enterprise Management Incentives
Enterprise Management Incentives (EMIs) are share options which
offer tax favourable incentives. They are intended to help small
companies to recruit and retain key employees with the necessary
skills to help the company grow and achieve its potential.
Grant of options
A "qualifying company" may grant EMI share options
with a market value of up to £250,000 to a "qualifying
employee", subject to a total maximum value of options of
£3 million in respect of the relevant company's
shares.
The option must confer a right to acquire shares that form part
of the ordinary share capital of the company, are fully paid up and
are not redeemable. The option must be capable of being exercised
within ten years of the date of grant.
