Do bonuses work?
On the face of it, it seems to be rather a pointless question. Of course they do. If you pay more for better performance - you'll get better performance. But a study from the University of Nottingham...
Sector
Company Share Option Plan (CSOP)
Key facts:
A CSOP scheme is a tax advantaged scheme. Unlike an Enterprise Management Incentive (EMI) scheme, there is no restriction on the type of business or size of company which can grant options under a CSOP scheme.
There is a limit of £30,000 which applies to the value of the shares over which an employee can hold unexercised CSOP options (and this takes into account any unexercised EMI options held by the employee). The approval of HMRC is required in order to set up a CSOP scheme.
Who can benefit?
Part-time employees (other than company directors) can participate in a CSOP scheme. Company directors can only participate in a CSOP scheme if they work for the company on a full time basis.
Key team contact
Emma Cameron 01923 690038
emma.cameron@mablaw.com
