Board minutes—approving the adoption of an unapproved option plan and the grant of unapproved options


Published by a ³ÉÈËÓ°Òô Share Incentives expert
Precedents

Board minutes—approving the adoption of an unapproved option plan and the grant of unapproved options


Published by a ³ÉÈËÓ°Òô Share Incentives expert

Precedents
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[insert name of company adopting the Unapproved option plan] (Company)‰Úinsert Company number]

Minutes of a meeting of the[ Remuneration committee of the] board of directors of the Company held at [insert place of meeting] on [insert date of meeting] at [insert time of meeting].

Present[insert name of director to be Chair] (the Chair)
[insert names of directors present]
In attendance[insert names of those in attendance]
Apologies[insert names of directors who are unable to attend meeting]

    1. 1

      Notice and quorum

      [insert name of Chair] was appointed Chair of the meeting. It was reported that proper notice of the meeting had been given in accordance with the Company's articles of association (Articles) and that a quorum was present. Accordingly, the Chair declared the meeting open.

    1. 2

      Purpose of meeting

      The Chair reported that the purpose of the meeting was to consider and, if thought fit, approve:

      1. 2.1

        the Adoption of the [insert name of unapproved option plan] (Plan); and

      1. 2.2

        the grant

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Adoption definition
What does Adoption mean?

The process whereby a person assumes the parenting of a child and in so doing permanently has transferred to them all rights and responsibilities from the original parent or parents.

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