Employment Related Securities Manual

ERSM80110 - Disposals for more than Market Value: Fair value

Employee share plans often involve disposing of shares to the employer for a 바카라 사이트渇air value바카라 사이트� determined by the company바카라 사이트檚 auditors. This is usually a mechanistic calculation based on the last accounts and fixed for a year that prevents the company having to constantly seek valuations if employees leave or retire throughout the period.

바카라 사이트淔air value바카라 사이트� is not the same as market value - it can be higher or lower depending on the circumstances. Where the amount paid exceeds the market value there is likely to be a charge under Chapter 3D on the excess.