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Share Transfer under Employee Shares Scheme

Share Transfer under Employee Shares Scheme

Subscription / Allotment Letter

Allotment Letter from Employee to Company applying for allotment of issuance of shares of the Company (usually after the satisfaction of certain conditions pursuant to the employment contract).

The letter is used by the employee to apply for subscription to the respective Company share. 

It details that the subscription price of the shares in the scheme should be consistent with [subscription price] and should be paid in full to the [company]. 

 

How to use this Document?

This document should be carefully read by the Individual Employee and Company.

An Allotment Letter may be used when an employee wishes to apply for allotment of issuance of shares of the company they work for. Thus, applying to enter into an employee shares scheme. 

Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.

The Number of Shares, Par value currency, Par value share and Subscription Price should all be clearly stated in the Shares subscription.

If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.

 

How to Tailor the Document for Your Need?

  1. Create Document: Click “Create Document” button and the document will be prepared with your account details automatically filled in.

  2. Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.

  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

  4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee.

 
Allotment Letter
Subscription of Shares
Employee
Employee shares
shares scheme
share options

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