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This legal template is intended for an AIM (Alternative Investment Market) listed company under UK law and focuses on a Performance Based EMI (Enterprise Management Incentive) Option Agreement.

An EMI option agreement typically grants employees or directors the right to purchase shares in the company at a predetermined price in the future. However, this particular template emphasizes performance-based criteria for exercising these options.

The agreement outlines the terms and conditions that govern the issuance and exercise of EMI options, including the performance criteria that must be met to be eligible for exercising the options. These criteria are usually based on predetermined targets or milestones set by the company.

The template covers various aspects, such as the eligibility of employees or directors to receive these performance-based EMI options, the exercise price, the vesting period (after which the options can be exercised), and the consequences in case of termination of employment or directorship.

Furthermore, the template incorporates provisions related to the tax treatment of EMI option schemes, referring to the special tax advantages afforded by the UK government to compliant EMI option plans.

Overall, this legal template serves as a comprehensive document outlining the rights, obligations, and conditions surrounding performance-based EMI options for employees or directors in an AIM listed company, ensuring legal compliance and facilitating employee incentivization and retention.

This legal template document encompasses paragraphs that pertain to the adoption of and invitations to the Save As You Earn (SAYE) Options Plan and the Share Incentive Plan (SIP) for board minutes, specifically under UK law.

The template likely provides a structured format for recording the necessary information related to the adoption of the SAYE Options Plan and SIP during a board meeting. It may include paragraphs covering key aspects such as the introduction and purpose of the plans, the decision-making process, the outline of provisions and regulations, and details on the invitation and communication processes.

The document may also outline the requirements and procedures for board members to review, discuss, deliberate upon, and approve the adoption of these plans. This would involve discussing the permitted number of options, vesting period, strike price, exercise periods, and other relevant rules and conditions.

Additionally, the template might include sections on the legal obligations, liabilities, and actions to be undertaken by the company in relation to the SAYE Options Plan and SIP. This may include ensuring compliance with UK legal requirements, monitoring and communicating options to employees, and maintaining records and reports as mandated by relevant authorities.

Overall, this legal template enables companies to ensure that the adoption of the SAYE Options Plan and SIP is properly documented, meeting legal obligations and safeguarding the interests of both the company and its employees under UK law.

This legal template serves as a formal notice addressed to a tenant under an Assured Shorthold Tenancy (AST) agreement in the United Kingdom. It is used by landlords or property managers to inform tenants of the grounds or reasons that may lead to the termination of their tenancy and the landlord seeking possession of the property.

The notice outlines and explains the specific breaches or violations committed by the tenant, according to the relevant UK laws and regulations governing AST agreements. These breaches may include failure to pay rent, causing damage to the property, engaging in anti-social behavior, or any other actions that are in violation of the tenancy agreement.

The template typically provides a clear and concise summary of the tenant's breaches and the corresponding sections of UK law that support the landlord's claim for possession. It also includes a deadline for the tenant to rectify the situation or to vacate the property voluntarily to avoid legal proceedings.

While this template is based on UK law, it may require customization to reflect the specific circumstances and laws applicable to the tenancy agreement in question. It is important for landlords or property managers to seek professional advice or consult with legal experts to ensure the validity and effectiveness of this notice in accordance with the relevant laws and regulations.