Share Transfer under Employee Shares Scheme

This letter is specifically for employees seeking to apply for the issuance of shares of a company after meeting certain conditions as stipulated in their employment contract. The letter is addressed to the directors of the company and requests the allotment and issuance of a specific number of shares with a par value of a certain amount per share.

The letter highlights that the employee is seeking to subscribe to the company's employee share option plan and that the subscription price for the shares is in line with the terms of the employment contract. It is important to note that the subscription price for the shares should be paid in full to the company on the date of the letter.

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In summary, this letter provides a straightforward and concise way for employees to apply for the allotment and issuance of shares in their company. By using SEO keywords, it is easier for individuals to find and utilise this document to their advantage.

 

How to use this Document?

To use this Subscription / Allotment Letter, follow these steps:

1. Read the document carefully: As an individual employee seeking to apply for shares in your company, it is important to read the letter carefully to ensure you understand the terms and conditions of the employee share option plan.

2. Sign and return the document: Once you are satisfied with the terms of the document, sign and return a copy to the company for their records.

3. Retain a copy: It is important to keep a copy of the signed document for your own records.

4. Both parties should sign: Ensure that both parties, the employee and the company, sign the document.

5. Get the document witnessed: To avoid future disputes, consider having your signatures witnessed by a neutral third party.

6. Clearly state the details: Be sure to clearly state the number of shares, par value currency, par value share, and subscription price in the letter.

7. Amendments should be recorded in writing: If either party wishes to make amendments to the agreement in the future, ensure that both parties agree to the changes and that the original agreement and amendments are recorded in writing and signed by both parties.

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