WHAT ARE THE KEY RULES?
It must be offered to all employees who meet the inclusion criteria. Eligibility can be pegged to time served with the company, with employers allowed to specify up to three years continuous service as the cut-off point.
Employees must be offered three or five-year contracts.
Savers make monthly contributions from net pay of between €12 and €500, but must commit to a figure at the outset. Employees can choose to take back their savings at any time during the life of the contract, but forfeit the right to options if they do so. The shares allocated must be non-redeemable, ordinary shares.
Prior approval from Revenue is required.
14
Powered by FlippingBook