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Planning for Employee Ownership Trusts 5 Top Tips

07 November 2022

An Employee Ownership Trust (“EOT”) is a legal arrangement through which a trustee holds a controlling stake in a company for and on behalf of the employees of a company. Under an EOT, the shares are sold to the trustee in order for them to be permanently held for the benefit of the employees of a company or group of companies. Crucially, the EOT must benefit all employees on equal terms based on certain criteria. The criteria include hours worked, length of service and level of remuneration.

Follow our top tips for shareholders looking to sell to an EOT.

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More publications from Clarkslegal

The workplace in 2022

The workplace in 2022

03 January 2022

Several proposed employment law changes have taken a back seat during the pandemic. However, it is hoped that we will now get some clarity on these as we continue through 2022.

Health and wellbeing and flexible working are likely to attract more attention now due to the new working arrangements and there continues to be discussions and support for increased reporting requirements for employers on matters such as ethnicity and disability.

Top-tips-for-making-clarification-questions-work

Top tips for making clarification questions work

06 September 2021

Clarification questions are an integral part of any procurement process. Do not be afraid of submitting them – it is better to raise a question (even if it then means that your competitors get the benefit of the responses provided) than to make an incorrect assumption about what the
contracting authority wants.

Follow our top tips set to get the best out of the process and help you submit a winning bid.

10_tips_for_challenging_award_of_contract-publication

10 tips for challenging award of contract

12 July 2021

How can you best prepare for a procurement challenge? Here are our top 10 tips.

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