New Danish Act on Stock Options

By: Claus Juel Hansen

A new Danish Act on Stock Options will enter into force on 1 July 2004. The Act will significantly affect the enforceability in Denmark of customary provisions in stock option plans purporting to restrict employees’ right to exercise stock options following termination of their employment.

Claus Juel Hansen is partner in Kromann Reumert’s employment law section and has considerable experience in advising both national and international companies in matters relating to the design and interpretation of stock option arrangements and in defending companies in law suits from former employees regarding stock option rights.

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