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Bill on changes to the Stock Option Act passed

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Legal news
calendar 6 December 2018
globus Denmark

A majority in the Danish Parliament has just passed the bill on the amendment of the Stock Option Act proposed by the Ministry of Employment.

The new law introduces substantial changes and aims to increase the freedom of contract within stock option plans by removing the current distinction between “good leavers” and “bad leavers”. The bill was passed in unchanged form and only with a few clarifications in the explanatory notes. Therefore, there are still some situations or circumstances where the law is unclear. We have previously written about the bill here.

The law will enter into force on 1 January 2019.

[L 10 “Bill on the amendment of the Stock Option Act” adopted on 6 December 2018]

The new law introduces substantial changes and aims to increase the freedom of contract within stock option plans by removing the current distinction between “good leavers” and “bad leavers”. The bill was passed in unchanged form and only with a few clarifications in the explanatory notes. Therefore, there are still some situations or circumstances where the law is unclear. We have previously written about the bill here.

The law will enter into force on 1 January 2019.

[L 10 “Bill on the amendment of the Stock Option Act” adopted on 6 December 2018]

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Anders

Etgen Reitz

Partner

Søren

Hessellund Klausen

Partner

Kirsten

Astrup

Associate

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