[ON COMPANY HEADED NOTEPAPER]
EMI Employee Share Option Scheme
Letter of Invitation
Date: [Insert date]
Dear [Insert Name],
THE [Company Name] ENTERPRISE MANAGEMENT INCENTIVE (EMI) SHARE OPTION SCHEME (the “Scheme”)
The Board has decided to invite you to apply for an Option to acquire XX A Ordinary non voting Shares of [£0.01] each in the capital of [Company Name]. If you accept this invitation, the Option will be granted to you on [Insert Date]. This invitation is made under the terms of the Scheme Rules, which comply with Schedule 5 of a piece of legislation called the Income Tax Earnings and Pensions Act of 2003 (“the ITEPA Act”).