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).
| Letter of appointment for a non-executive chairman A letter of appointment for a non-executive chairman of a listed company which expands on the sample non-executive director's appointment letter published by the Institutue of Chartered Secretaries and Administrators (ICSA) on 15 December 2011. This letter includes integrated drafting notes. |
| 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. |
| Skeleton board minutes (transactional) Skeleton board minutes for a board meeting specifically convened to consider a substantial transaction, for use from 1 October 2008. The skeleton minutes may be supplemented with transaction-specific clauses from other precedents available from PLC Corporate. For skeleton board minutes for a routine board meeting, see Skeleton board minutes (routine). |
| Plug in paragraphs for public company board minutes: financial assistance and EBT funding to buy shares Paragraphs dealing with financial assistance issues, to tailor and include in public company board minutes for the approval of funding for an employee benefit trust (EBT) to purchase the company's own shares to use in an employees' share scheme. |
| 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). |
| Letter of appointment for a non-executive director A letter of appointment for a non-executive director of a listed company which expands on the sample non-executive director's appointment letter published by the Institutue of Chartered Secretaries and Administrators (ICSA) on 15 December 2011. This letter includes integrated drafting notes. Note that this letter should not be used to appoint an executive director, who should have a service agreement or contract of employment (see PLC Employment, Standard docment, Director's service agreement which contains Director clauses (for directors of private and listed companies). |
| 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. |
| Articles of association: non-leveraged investments: companies formed on or after 1 October 2009 A sample set of articles of association to be used for companies incorporated on or after 1 October 2009 which are backed by a non-leveraged venture capital equity investment. These articles are originally based on the BVCA model articles of association for early stage investments. |
| Remuneration committee terms of reference: AIM Terms of reference for a remuneration committee of a company admitted to trading on AIM. |
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