Board Minutes - EMI Scheme

These Board Minutes - EMI Scheme should be used to record the proceedings at a board meeting to consider and approve the granting of EMI share options to eligible employees of a company.

What these minutes assume

These board minutes have been drafted on the basis that several employees are being granted share options under an EMI share option plan.

Shareholder approval point

Shareholder approval may be required to implement the EMI scheme. Where this is required, an ordinary resolution will need to be passed – see our Shareholders’ Ordinary Resolution – EMI Scheme.

HMRC notification timing

Following the implementation of an EMI share scheme, HMRC must be notified on or before the day falling 92 days after the grant of options. See HMRC’s website for further details.

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