GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:14 Nov 13, 2019 |
French to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: philgoddard United States | ||||||
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implement the management package Explanation: A package can refer to remuneration - it means the total benefits you receive, including things like share options. Management package We offer you a cross-functional and tailor-made approach to structuring and negotiating compensation packages for key executives and employees http://menloavocats.com/en/expertise/management-package/ |
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roll over their equity / activate their incentive scheme Explanation: From what I can tell, a management package is pretty much an incentive scheme for top managers revolving around options/warrants/shares, but the term itself seems specific to France, I haven't come across it before. The mechanics of such arrangements in France come into play in the event of an LBO, with major tax implications. The point of these packages is to ensure managers retain (or improve) all the benefits of their previous equity positions, thus bringing them on board the buyout. The closest equivalent I can find in English is "equity rollover", which is a common term but not as 'formal' as the FR, so I'm not sure. Also not sure if the plus-values at the end of the sentence in question relates to capital gains (which only come into effect once options or shares are sold) or to profits or dividends. Wikipedia link at the bottom for general context, more specific links below. -------------------------------------------------- Note added at 2 hrs (2019-11-13 14:27:50 GMT) -------------------------------------------------- https://www.valuationresearch.com/pure-perspectives/rollover... http://www.docdep.com/blog/rollover-equity-what-is-it-and-wh... https://uk.practicallaw.thomsonreuters.com/4-379-9776?transi... https://www.divestopedia.com/2/5178/pre-sale/preparation/con... https://www.lesechos.fr/2006/10/les-ecueils-du-management-pa... https://lexpansion.lexpress.fr/actualite-economique/tout-sav... https://www.agefi.fr/financements-marches/actualites/hebdo/2... https://blog.valoxy.org/management-package-utilite-risques/ https://www.journaldunet.com/management/expert/30992/le-mana... https://www.scottopartners.com/wp-content/uploads/2016/04/LB... https://www.actualitesdudroit.fr/browse/affaires/societes-et... Example sentence(s):
Reference: http://en.wikipedia.org/wiki/Leveraged_buyout |
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