TRUST SOLUTION SERIES: EMPLOYEE SHARE OR OPTION TRUSTS
Listed and unlisted corporate clients will often look to incentivize and retain their talent by offering benefits linked to the value of the business they contribute to.
A Trust can be used to create such a platform. In such cases, the corporate client is the settlor, and the employees and possibly their immediate family are the beneficiaries. The corporate client can design a set of rules that govern the operation of the incentive plan. The Trustee holds assets and administers the plan independently for the benefit of the beneficiaries.
Employees Share Option Trust (ESOT) - example
Amicorp can be the Trustee and administrator of these vehicles in several of our Trust jurisdictions and offer other solutions in this area.
Rules should include:
- Granting
- Exercising
- Time limits/lapsing
- Leaver provisions
- Voting/dividend other rights
- Transferability
- Amendment provisions
For listed clients, consideration will need to be given to the particular stock exchange rules and related disclosures. Further consideration and advice will be required about the taxation requirements applicable for both the employer and employee.
Please get in touch with any Amicorp Trust specialists if you have any queries about Amicorp Trust Services, or contact David Willis directly (d.willis@amicorp.com)
Barbados - barbados@amicorp.com
BVI - bvi@amicorp.com
Cayman - cayman@amicorp.com
India - amicorptrustees@amicorp.com
Malta - malta@amicorp.com
Mauritius - mauritius@amicorp.com
New Zealand - newzealand@amicorp.com
Singapore - singapore@amicorp.com
South Dakota - southdakota@amicorp.com
Switzerland - zurich@amicorp.com