ESOS – Trust Deed

ESOS – Trust Deed

Sh 100,000

Notes:

  1. This precedent is intended to act as a guide in drafting an Employee Share ownership Scheme Agreement. It may be modified or amended as need may be.
  2. This template is applicable where a Company wishes to establish a scheme for the purpose of incentivizing employees of the Company and its subsidiary companies through the holding of shares in the Company.
SKU: COR/INV/AGR/26 Category:

Description

Table of Content

  1. DEFINITIONS AND INTERPRETATIO
  2. PRINCIPAL TRUST
  3. UNITS
  4. POWERS AND AUTHORITIES
  5. REDEMPTION OF UNITS
  6. DISTRIBUTIONS TO UNITHOLDERS
  7. CAPITAL REORGANISATIONS
  8. COMPANY’S COVENANTS, FEES AND EXPENSES
  9. TRUSTEES’ COVENANT
  10. TRUSTEES AND APPOINTMENT OF NEW TRUSTEES
  11. RESTRICTIONS
  12. TRUSTEES’ CHARGES AND REMUNERATION
  13. LIABILITY FOR DEFAULT
  14. RECORDS
  15. AUDIT AND REPORTS
  16. STANDARD OF CARE
  17. WINDING-UP ON CERTAIN EVENTS
  18. LAW
  19. VARIATION OF THIS SETTLEMENT
  20. ARBITRATION
  21. NOTICES

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