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ESOS – Trust Deed

KShs 3,000

9% Off

An Employee Stock Ownership Scheme (ESOS) is an employee benefit plan that gives workers ownership interest in the company or a stock program that offers workers a way to acquire a stake in their company. The regulatory requirement is that it must be established by a Trust Deed, this, therefore, is a Trust Deed establishing an ESOS.

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Table of Content:

  1. Definitions and Interpretation
  2. Principal Trust
  3. Units
  4. Powers and Authorities
  5. Redemption of Units
  6. Distributions to Unitholders
  7. Capital Reorganisations
  8. Company’s Covenants, Fees, and Expenses
  9. Trustees’ Covenant
  10. Trustees and Appointment of New Trustees
  11. Restrictions
  12. Trustees’ Charges and Remuneration
  13. Liability For Default
  14. Records
  15. Audit and Reports
  16. Standard of Care
  17. Winding-Up on Certain Events
  18. Law
  19. Variation of This Settlement
  20. Arbitration
  21. Notices

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