Examples of Employee Share Schemes in a sentence
Equity and equity-related compensation benefitsSSE plc, the ultimate parent of the Company, operates a number of All Employee Share Schemes as described in the Remuneration Report of the Group.
The cost of Employee Share Schemes is now charged to the profit and loss account using the quoted market price of the shares at the date of the grant less the exercise price of the share options granted.
In some cases, Old Ferguson Shares may need to be allotted (for example, because of the exercise of rights granted by Old Ferguson under the Old Ferguson Employee Share Schemes) but the timing of their allotment could mean that they are not classified as Scheme Shares and are therefore outside the scope of the Scheme.
However, the Directors have no present intention of exercising either of these authorities or to issue any unissued Ordinary Shares in the Company, other than in respect of the exercise of Share Options by employees under the Employee Share Schemes.
Participants in the Old Ferguson Employee Share Schemes wishing to exercise unexercised vested options prior to such period should therefore take any necessary action to exercise their options before 19 April 2019.