Our employee benefits and ESOP practice advises on the full range of employee incentive schemes. The firm's multidisciplinary team advises on how best to structure, establish and operate employee incentive arrangements in compliance with Israeli employment, tax, companies and securities laws. As part of our service, we help determine the most tax-efficient manner of remunerating and incentivising individuals through the use of employee incentive and share option schemes.
Our expertise includes obtaining the necessary tax rulings for operating an ESOP in Israel and, where necessary, rulings from the Israeli Securities Authority. We also act as trustee of many local and foreign ESOPs.
Many of our clients are international corporates (listed on NASDAQ, NYSE, LSE as well as other exchanges) for whom we have extensive experience adapting the rules of their international incentive arrangements and option schemes in order to take into account Israeli tax, employment laws, securities laws and other regulatory issues.
We also handle all ESOP-related issues arising from mergers and acquisitions, including due diligence of ESOP schemes, assessing the effect of a merger on employee incentive arrangements, cash-out agreements, conversion of options into options of the acquirer and obtaining the necessary tax authorities and securities authorities pre-rulings in order to effect any accelerated vesting, cashing out or issue of new options.