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
Related News
Business expansion services: Grasping the opportunity of Southeast Asia’s jewel economies
The economies of Southeast Asia have been among the fastest growing in the world over the last few decades, fueled in part by their proximity to the powerhouse of China. But the region’s growth is about much more than its giant neighbor. Southeast Asia has a powerful story to tell about its domestic development, its role in wider global trade and the opportunity of presents for foreign investment.
Case Study – Swiss bank accesses Indian market with Amicorp’s turnkey VCC fund solution
A Swiss private bank with a significant client base was looking to diversify its investment offering by providing easy access to the growing Indian stock market.
Case Study – A multi-million dollar loan deal that helped a front-runner recycling company with funding
Amicorp was delighted to support a leading waste recycling company in setting up an investment structure as part of its growth strategy.