2. Michael is advised by his employer, QZU Pty Limited, on 1 January 2019 that they...
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2. Michael is advised by his employer, QZU Pty Limited, on 1 January 2019 that they will award him shares totalling $100,000 as at 1 January 2021 for his excellent contribution for no consideration. The shares will be awarded to him subject to the following conditions: Michael is required to meet sales targets each quarter between 1 January 2019 to 31 December 2020. Michael is not eligible to leave QZU until 1 January 2021 otherwise he will not be entitled to the shares. - QZU has the right to unconditionally reverse this share arrangement. (a) Advise when Michael is required to declare the shares received and what the assessable income balance is 2. Michael is advised by his employer, QZU Pty Limited, on 1 January 2019 that they will award him shares totalling $100,000 as at 1 January 2021 for his excellent contribution for no consideration. The shares will be awarded to him subject to the following conditions: Michael is required to meet sales targets each quarter between 1 January 2019 to 31 December 2020. Michael is not eligible to leave QZU until 1 January 2021 otherwise he will not be entitled to the shares. - QZU has the right to unconditionally reverse this share arrangement. (a) Advise when Michael is required to declare the shares received and what the assessable income balance is
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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