All Templates
Sell shares
⚖️ Power of attorney
Power Of Attorney To Sell Shares (Employee Benefit Trust)
Power Of Attorney To Sell Shares (Employee Benefit Trust)
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
⚖️ Power of attorneyBusiness activity
Sell sharesA power of attorney is a legal document that gives someone else the authority to act on your behalf in financial or legal matters. This can include signing documents, accessing bank accounts, or making decisions about your property. A power of attorney can be used in limited situations or for a specific task, or it can be used more broadly to give someone else general authority over your affairs.
This legal template pertains specifically to the granting of Power of Attorney (PoA) for the purpose of selling shares held by an Employee Benefit Trust (EBT) under United Kingdom (UK) law.
The Employee Benefit Trust is an arrangement commonly established by employers to provide benefits to their employees. This trust holds shares in the company on behalf of the employees, which can be used for various purposes such as incentivizing employees, rewarding performance, or facilitating employee share-based schemes.
The Power of Attorney to Sell Shares template outlines the legal procedures and requirements for authorizing an individual or entity to act as an attorney on behalf of the trustee(s) of the EBT. The attorney, known as the donee, is granted the power and authority to execute the sale of shares held within the EBT.
The template details the specific powers and limitations conferred to the donee, covering aspects such as the scope of the authority, the duration of the PoA, and any specific conditions or requirements that must be met for the sale to take place. It may also outline the process for the donee to act in the best interests of the EBT's beneficiaries and comply with relevant legal and regulatory obligations.
This legal document is crucial to ensure that the process of selling shares from the EBT is carried out in a legally binding and compliant manner, safeguarding the interests of the trust, its beneficiaries, and the involved parties. It provides a clear framework for the authorized individual or entity to act on behalf of the trustee(s) and execute the sale transaction in accordance with all applicable UK laws and regulations governing EBTs and share transfers.
The Employee Benefit Trust is an arrangement commonly established by employers to provide benefits to their employees. This trust holds shares in the company on behalf of the employees, which can be used for various purposes such as incentivizing employees, rewarding performance, or facilitating employee share-based schemes.
The Power of Attorney to Sell Shares template outlines the legal procedures and requirements for authorizing an individual or entity to act as an attorney on behalf of the trustee(s) of the EBT. The attorney, known as the donee, is granted the power and authority to execute the sale of shares held within the EBT.
The template details the specific powers and limitations conferred to the donee, covering aspects such as the scope of the authority, the duration of the PoA, and any specific conditions or requirements that must be met for the sale to take place. It may also outline the process for the donee to act in the best interests of the EBT's beneficiaries and comply with relevant legal and regulatory obligations.
This legal document is crucial to ensure that the process of selling shares from the EBT is carried out in a legally binding and compliant manner, safeguarding the interests of the trust, its beneficiaries, and the involved parties. It provides a clear framework for the authorized individual or entity to act on behalf of the trustee(s) and execute the sale transaction in accordance with all applicable UK laws and regulations governing EBTs and share transfers.
How it works
Create doc / use template
Chat to our
Edit, collaborate & share
Export to .docx
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Ƶ in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
The Witness Statement of Truth Verifying Compulsory Liquidation under UK law is a legal template that outlines a written declaration made by a witness in relation to the process of compulsory liquidation in the United Kingdom. Compulsory liquidation refers to the legal procedure of winding up a company's affairs and distributing its assets by order of a court, typically due to the company's inability to pay its debts.
This template serves as a formal document that witnesses can use to confirm the accuracy and truthfulness of their statements regarding the company's liquidation proceedings. The statement includes relevant details such as the witness's personal information, their involvement or knowledge of the liquidation process, and a declaration that the information provided is true to the best of their knowledge.
By providing this Witness Statement of Truth, witnesses affirm their commitment to the legal obligations of their statements and acknowledge that any false information could result in legal consequences. This template aims to ensure transparency, integrity, and the proper administration of the compulsory liquidation process under UK law.
This template serves as a formal document that witnesses can use to confirm the accuracy and truthfulness of their statements regarding the company's liquidation proceedings. The statement includes relevant details such as the witness's personal information, their involvement or knowledge of the liquidation process, and a declaration that the information provided is true to the best of their knowledge.
By providing this Witness Statement of Truth, witnesses affirm their commitment to the legal obligations of their statements and acknowledge that any false information could result in legal consequences. This template aims to ensure transparency, integrity, and the proper administration of the compulsory liquidation process under UK law.
Read More
Publisher
ƵJurisdiction
England and WalesThe Video Production Commission Agreement under UK law is a legal template that outlines the terms and conditions agreed upon by a video production company and its client. This agreement sets forth the responsibilities, rights, and obligations of both parties involved in the production process.
The template covers essential elements related to video production, such as project scope, timeline, budget, ownership of intellectual property rights, cancellation or termination provisions, and dispute resolution mechanisms. It defines the specific services to be provided by the production company, including pre-production, filming, editing, and delivery.
Additionally, the template may include provisions related to payment terms, confidentiality and non-disclosure agreements, limitations of liability, and indemnification clauses. It also addresses issues surrounding the use of talent, locations, equipment, and third-party services, ensuring compliance with relevant laws and regulations in the UK.
The Video Production Commission Agreement aims to protect the interests of both parties by clearly outlining their respective responsibilities and expectations. By entering into this legally binding contract, the production company and client can establish a solid foundation for their working relationship, mitigating potential disputes and ensuring a smooth and collaborative video production process in accordance with UK law.
The template covers essential elements related to video production, such as project scope, timeline, budget, ownership of intellectual property rights, cancellation or termination provisions, and dispute resolution mechanisms. It defines the specific services to be provided by the production company, including pre-production, filming, editing, and delivery.
Additionally, the template may include provisions related to payment terms, confidentiality and non-disclosure agreements, limitations of liability, and indemnification clauses. It also addresses issues surrounding the use of talent, locations, equipment, and third-party services, ensuring compliance with relevant laws and regulations in the UK.
The Video Production Commission Agreement aims to protect the interests of both parties by clearly outlining their respective responsibilities and expectations. By entering into this legally binding contract, the production company and client can establish a solid foundation for their working relationship, mitigating potential disputes and ensuring a smooth and collaborative video production process in accordance with UK law.
Read More
Publisher
ƵJurisdiction
England and WalesThe Works Contractor Collateral Warranty (To Purchaser/Tenant) under UK law is a legal template or document that outlines the terms and conditions of a warranty agreement between a works contractor and a purchaser or tenant in the United Kingdom.
In construction and property projects, the works contractor collateral warranty serves as an additional layer of protection for the purchaser or tenant, ensuring that they have direct contractual rights against the works contractor in case of any defects or issues with the works carried out. This warranty is typically used when a third party, such as a funder or an employer, requires additional assurances regarding the performance of a works contractor.
The template includes essential clauses that cover various aspects of the agreement, such as the scope of works, quality standards, fitness for purpose, compliance with regulations, and insurance requirements. It also sets out the specific obligations and responsibilities of the works contractor, such as rectifying defects or deficiencies, providing maintenance and aftercare services, and indemnifying the purchaser or tenant against any losses or damages incurred due to the contractor's negligence or breach of contract.
By using this legal template, both parties can clearly define their rights and obligations, providing peace of mind and legal recourse if any disputes arise throughout the project or during the occupation of the property. It adheres to UK law, taking into account relevant legislation, regulations, and common legal practices within the construction and property sectors in the United Kingdom.
In construction and property projects, the works contractor collateral warranty serves as an additional layer of protection for the purchaser or tenant, ensuring that they have direct contractual rights against the works contractor in case of any defects or issues with the works carried out. This warranty is typically used when a third party, such as a funder or an employer, requires additional assurances regarding the performance of a works contractor.
The template includes essential clauses that cover various aspects of the agreement, such as the scope of works, quality standards, fitness for purpose, compliance with regulations, and insurance requirements. It also sets out the specific obligations and responsibilities of the works contractor, such as rectifying defects or deficiencies, providing maintenance and aftercare services, and indemnifying the purchaser or tenant against any losses or damages incurred due to the contractor's negligence or breach of contract.
By using this legal template, both parties can clearly define their rights and obligations, providing peace of mind and legal recourse if any disputes arise throughout the project or during the occupation of the property. It adheres to UK law, taking into account relevant legislation, regulations, and common legal practices within the construction and property sectors in the United Kingdom.
Read More
