Management Incentive Plans
A key consideration for any family business and founder-shareholders is to ensure that the people who are driving the business forward are happy and appropriately incentivised.
Why Progeny?
If you would like to offer management a path to shares, we can help in creating a structure that works for you and them.
Management Incentive Plans are key to motivating and rewarding individuals as well as directing the organisation toward its strategic objectives through high performing management. This is where Progeny can help.
We work hard to form excellent client relationships, understand their aspirations and give the quality service and bespoke structuring they require to address their complex needs.
With offices worldwide, we offer face-to-face services globally. Our extensive network of experts ensures that we are accessible and available to your needs wherever you are.
Combining guidance and support from Progeny’s Corporate Legal team, Private Legal team and Wealth Management team, we are able to provide truly holistic support.
Progeny Law & Tax are authorised and regulated by the Solicitors’ Regulation Authority, meaning we are dedicated to upholding professional standards within the industry.
How we can help you with your incentive plans
01
EMI Share Options
Providing an Enterprise Management Incentive scheme can be an effective way for businesses to reward and retain staff by granting them share options in a tax-efficient way. It also allows the shareholders to retain control if the options are framed correctly. We can help with:
Ensuring the scheme meets the EMI requirements
Liaising with HMRC on the valuation
Structuring the scheme appropriately to meet the business’ objectives
02
Profit Sharing Schemes
We can advise clients on incentivising employees by awarding them a percentage of the company’s profits. Whilst this may not be the most tax-efficient way to reward your management, it is a viable alternative if you are not prepared to offer shares.
03
Growth Shares
If structured correctly, growth shares are a cost-effective and tax-efficient way to provide key members of the management team with access to shares whilst incentivising them to grow the value of the business for their own personal benefit. We can work with you to design a scheme which works for the current owners and the existing management team and minimises any tax risks.
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Frequently Asked Questions
Management Incentive Plans are compensation plans specifically for a company’s senior leadership team. MIP’s are essential in motivating and rewarding individuals and in directing the organization toward its strategic objectives through high performing management.
Profit-sharing schemes are intended for employees to share in their company’s profits dependent on its earnings. These can have different forms. Examples include cash-based plans and deferred plans.
Growth shares are a cost-effective and tax-efficient way to provide key members of the management team with access to shares whilst incentivising them to grow the value of the business for their own personal benefit.
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