Standard documents
This is a list of all standard documents published by PLC. All standard documents have links to related drafting notes and are regularly updated by PLC editors.
For information on converting PLC standard documents into your firm's style, see PLC Firmstyle (www.practicallaw.com/A30700).
| Employee/director share subscription deed This standard document is an application for a subscription for shares by an employee or director, including a tax and NICs indemnity and an exclusion of liability for losses arising from loss of office or employment, and is in the form of a deed.For a short form letter application to subscribe for shares, which might be appropriate at an early stage of development of a company where there are few tax concerns about the employee's or director's shares, see Standard document, Subscription letter. |
| Subscription letter A short form letter of application to subscribe for shares. The subscription letter confirms the number of shares subscribed for, and the amount paid per share. It also authorises the company to add the subscriber's name to the company's register of members. It refers to the consideration for the shares to be by way of cheque, banker's draft, electronic transfer or release of a debt owed by the company to the subscriber. This letter has been drafted to satisfy sections 583(2) and 583(3)(a) to (c) of the Companies Act 2006 (meaning of payment in cash). For a short form letter of application where the consideration is by way of an undertaking to pay cash to the company at a future date, see Standard document, Subscription letter: undertaking to pay. For a long form subscription deed to use when an employee or director subscribes for shares, including a tax indemnity and exclusion clause relating to liabilies for loss on termination, see Standard document, Employee/director subscription deed. Note that, in a non-leveraged investment round, the investors' subscription and payment for shares will be made pursuant to an investment agreement (see Standard document, Investment agreement: non-leveraged investment). |
| Subscription letter: undertaking to pay A short form letter of application to subscribe for shares including an undertaking by the subscriber to pay the subscription monies for the shares at a future date. For a short form subscription letter where the subscription monies will be paid in full on issue, see Standard document, Subscription letter. |
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