Listed and unlisted corporate clients will often look to incentivize and retain their talent by offering benefits that are 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)
- Corporate settlor of ESOT
- Rules of scheme for eligible employees
- Bonus arrangements/purchase of shares via payroll
- Dividend payments
- Leaver provisions
Amicorp can be the Trustee and administrator of these vehicles in a number of our trust jurisdictions as well as 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 in relation to the taxation requirements applicable for both the employer and employee.
COMMON USES
Trusts are a great vehicle to use for succession planning, transferring assets to family members, wealth preservation or asset protection.
Trusts can also be used for business succession planning, financial security purposes and philanthropic purposes.
The range of use is very wide and constantly evolving.
WHY AMICORP
- Over 25 years of international fiduciary experience
- Modern and robust commercial, financial and communications infrastructure
- A high standard of financial and legal professional service providers
- Over 750 professionals
- Well-developed, modern company and trust law that is in line with international standards
- Confidentiality
Please contact any of the Amicorp trust specialists should you have any queries related to Amicorp Trust Services.
New Zealand - newzealand@amicorp.com Barbados - barbados@amicorp.com BVI - bvi@amicorp.com South Dakota - southdakota@amicorp.com Cayman Islands - cayman@amicorp.com India - amicorptrustees@amicorp.com Mauritius - mauritius@amicorp.com Singapore - singapore@amicorp.com Switzerland - zurich@amicorp.com For further information, please contact your nearest Amicorp office or visit our website: www.amicorp.com
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