Clifford Chance

Employee Incentives and Brexit: An update

28 January 2021

Many companies have asked us over the last 18 months about what Brexit would mean for their employee incentives and share plans. Now that the EU/UK Trade and Co-operation Agreement has been agreed, it's a good time to take stock, and it should be good news for the vast majority of companies as far as incentives are concerned.

Broadly speaking, there is little immediate change to the operation of incentives. There are steps that are worth considering at this point to make sure your participant documents are in good shape but no amendments or changes in operation should be needed to incentive plans themselves in the short term.

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