L3VLUP

Enterprise Management Incentives (EMI)

A UK tax-advantaged option scheme for employees of smaller companies. If the shares are bought at no less than their market value at the date of the grant there is no income tax or National Insurance on exercise, and capital gains tax may apply on sale. The company and the employee must both meet statutory conditions, set out by HMRC.

Equity as an employee · 9 of 10Next: Liquidity Event

Keep reading

The startup pathway

Related Startups terms

Equity as an employee: keep going

Go further than reading

The written material is free. These are the ways to get it applied to your own work.

Browse the full glossary: 386 finance recruiting and technical terms, in plain English.