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In Brief The scope of the employee share plan exemption applicable to the offering of stock options and stock purchase rights has been significantly expanded, which should now enable most companies to rely on the exemption in offering equity awards to employees of their subsidiaries in Japan without having to file a securities notice or securities registration statement with the Japanese securities regulator. Background Under the Japanese Financial Instruments and Exchange Act (the “FIEA”), companies…

On February 10, 2022, the Australian Parliament passed legislation which eliminates termination of employment as a taxable event for Employee Share Scheme (ESS) awards that qualify for tax deferral (i.e., stock options, restricted stock, restricted stock units (RSUs), or an employee stock purchase plan offered to employees). ESS awards that qualify for tax deferral are subject to taxation when an “ESS Deferred Taxing Point” occurs. Currently, an employee’s termination of employment is one of the…