Setting up an EMI scheme, the company must satisfy certain conditions. The employees who are to be granted options must also satisfy conditions in relation to their working arrangements. If the conditions are met, favourable tax treatment will apply for both the company and the employee.
An EMI scheme consists of an Option Agreement, and the Plan Rules. The Option Agreement itself can be tailored to consider factors such as job role, seniority and the value different employees bring to the business. The scheme can therefore apply to different employees in different ways.