What is a Share Incentive Plan (SIP) ?
The Share Incentive Plan (SIP) was first introduced in The Finance Act 2000 and initially referred to as the All Employee Share Ownership Plan (AESOP). SIPs have flexibility as part of their design. SIPs can offer employees a combination of four types of shares: Share type Maximum amount for share purchase Free £3,000 Partnership £1,500 Matching £3,000 Dividend £1,500 Total £9,000 per tax year How SIP works is determined by what suits a company best. For example, it is possible to offer all, or a combination of the above shares types and on a variety of frequencies. Safe Harbor Certain statements in this release are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competiti
