Overview

Share Incentive Plan


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(SIP)

A plan set up by a British company, and approved by HM Revenue and Customs, under which a trustee acquires and holds shares for the benefit of employees. There are significant tax advantages as long as various conditions are met, the chief being that the SIP must be open to all employees and executive directors. See also approved deferred share trust; employee share ownership trust.

Subjects: Business and Management.


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