Employee shareholders

The government has produced guidance on employee shareholder status, which came into force on 1st September 2013.

An interesting point is that the government states: “If an employee shareholder sells their shares, their employment status does not change. A change of employment status would require a change of employment contract to alter the employment status.” Query whether this entitles an employer to insist on an automatic buy-back of shares, say after one month, to avoid the employee having any long-term shareholding.

For further information, please contact our solicitors based in Canary Wharf on 020 3950 5234 or email info@rllaw.co.uk. Our expert employment lawyers advise senior executives and businesses on all aspects of employment and discrimination law. We regularly draft contracts of employment, service agreements and employee shareholder agreements.