Establishing a save as you earn (SAYE) scheme and granting SAYE options—all-encompassing resource pack


Published by a ÑÇÖÞÉ«ÇéÍø Share Incentives expert
Checklists

Establishing a save as you earn (SAYE) scheme and granting SAYE options—all-encompassing resource pack


Published by a ÑÇÖÞÉ«ÇéÍø Share Incentives expert

Checklists
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For more general information on save as you earn (SAYE) schemes, see Practice Note: How SAYE schemes work and key features.

StepDetails of stepLexis®PSL resources required to implement stepTiming of step
1Determine whether the company qualifies to operate an SAYE schemeThe SAYE regime is prescriptive and sets out numerous requirements that must be met at the time the options are granted, including in relation to the company granting the options. It is essential to establish whether the company whose shares are being granted under option qualifies to operate an SAYE scheme first. The proposed option holders must also meet certain requirements in order to be granted SAYE options.For further detailed information on the SAYE eligibility requirements relating to the company, see Practice Note: SAYE—companies which qualify to operate an SAYE scheme. For further detailed information on the SAYE eligibility requirements relating to the employee, see Practice Note: SAYE—eligibility to participate in an SAYE scheme. For flowcharts determining whether a company and employee
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Jurisdiction(s):
United Kingdom

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