An unapproved share option scheme does not carry the tax advantages of EMI but offers greater flexibility. There is no requirement for HMRC approval, no restriction on who can receive options, no cap on the value of options granted, and the terms can be fully customised. These schemes are useful for granting options to non-employees, non-UK resident staff, or where EMI is not available. We draft unapproved option agreements tailored to your business objectives and make sure the arrangements are correctly structured.
