Share Transfer under Employee Shares Scheme

The document titled 'Share Transfer under Employee Shares Scheme' is an important document that outlines the process and details of transferring shares under an employee shares scheme. The document begins with a subscription/allotment letter addressed to the directors of the company. The letter is dated with the current date and includes the necessary information such as the account job company's name and address, as well as the employee's name.

 

The purpose of the document is to apply for the allotment and issuance of a specific number of shares of the company with a par value of par value currency$par value share each. This is done in accordance with the employee share option plan as stated in the employment contract between the employee and the company.

 

The letter also mentions the subscription price of the shares, which is par value currency$subscription price in total. It is important to note that this amount must be paid in full to the company on the date of the letter.

 

In summary, the document serves as a formal request for the transfer of shares under the employee shares scheme. It provides all the necessary details and follows the required procedures to ensure a smooth and legal transfer of ownership.

How to use this document?

To use the 'Share Transfer under Employee Shares Scheme' document effectively, follow these steps:

1. Prepare the subscription/allotment letter: Use the provided template and fill in the necessary information, including the current date, account job company's name and address, and the employee's name.

2. Specify the number of shares: Clearly state the number of shares that are being applied for. This should be in accordance with the employee share option plan mentioned in the employment contract.

3. Determine the subscription price: Calculate the total subscription price of the shares based on the par value currency$par value share each. This amount must be paid in full to the company on the date of the letter.

4. Address the letter to the directors: Ensure that the letter is addressed to the directors of the company, as they are the ones responsible for approving the share transfer.

5. Sign the letter: The employee should sign the letter to indicate their consent and agreement to the terms mentioned.

By following these steps, you can effectively use the 'Share Transfer under Employee Shares Scheme' document to initiate the transfer of shares under the employee shares scheme.