The enterprise management incentive (EMI) individual limit increase, from £120,000 to £250,000, will take effect on 16 June 2012.
The increase, which was announced in the 2012 Budget, will allow qualifying organisations to grant EMI options to employees over shares with a value up to £250,000.
Employers that have already granted EMI options up to the existing maximum of £120,000 will be able to grant additional options to relevant employees up to the new maximum, providing the existing rules of the EMI plan do not expressly limit the maximum grant of options to £120,000.
In the event the existing EMI rules contain such a limitation, an amendment to the rules will be necessary to enable the grant of EMI options up to the increased limit.
Read more articles on employee share schemes