New Employee Shareholder Status
The new Employee Shareholder status came into effect on 1 September 2013. This scheme permits employees to give up certain rights such as unfair dismissal and statutory redundancy pay in return for a minimum value of £2,000 worth of shares in the employer’s company or parent company.
For further details check out this really helpful guidance note that the government has produced https://www.gov.uk/employee-shareholders
If you would like more information on this or other areas of employment law, please contact Christina Merrington.