Employee Share Schemes – ‘Golden Handcuff’ or Reward for Past Services?
This is our second article in our series of articles on Employee Share Scheme (“ESS”). The characterisation of ESS has affected whether benefits under option schemes should proportionately reflect the period of employment during the operation of scheme. The case of Canizales v Microsoft Corporation (2000) 99 IR 426 (‘Canizales’) involved a Microsoft executive from…