Is my noble friend saying that the scheme will work for restricted stock that is subject to conditions? He seems to be saying that restricted stock will be treated in the same way as tradable shares, to the extent that they can be tradable. Perhaps I should declare an interest in that I have been given shares in the form of restricted stock on the condition that if I left the company or was dismissed the shares would be forfeited. Could conditions that effectively took away people’s employment rights be applied to restricted shares? How would that be defined? If it is just something to be negotiated between the employer and the employee, could an employee not find that he gives away his employment rights for some shares that he would lose if he was sacked?
Growth and Infrastructure Bill
Proceeding contribution from
Lord Forsyth of Drumlean
(Conservative)
in the House of Lords on Wednesday, 20 March 2013.
It occurred during Debate on bills on Growth and Infrastructure Bill.
Type
Proceeding contribution
Reference
744 c601 
Session
2012-13
Chamber / Committee
House of Lords chamber
Librarians' tools
Timestamp
2013-11-20 11:33:09 +0000
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