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Partly Paid Shares: A Legal Update.
A number of companies are currently considering "nil paid" or "partly paid" employee share schemes for their employees and directors. Under these schemes, participants acquire shares up-front but do not pay their acquisition price until the shares are sold or other agreed circumstances arise.
Not only does this have favourable cash-flow consequences for participants, but the tax treatment can be attractive. The downside is that the participant must pay up ...See the full content of this document
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