Occupational Plan

Aligning Interests

A common thread that successful businesses share is the alignment of teams of individuals to delivering the best outcome for the whole. Leaders achieve this and develop their corporate culture in multiple ways through direct and indirect means. One of the principle direct means is through linking the monetary reward that employees personally receive to their, and the company’s, performance upon agreed metrics. The mechanism for that reward can be as direct as payment of bonuses or issuance of shares in the business, however, once given their motivational power can diminish to the point that they become expected. To counteract this the benefits can instead be settled upon a long term incentive tool like corporate pension plans or employee share plans. For over 25 years we at Northland Group have been assisting clients just like you to identify and take the right next step for them and their business on their journey.

Corporate Pension Plans

Corporate pension plans are flexible solutions that can be tailored to meet the needs of specific groups or the wider workforce and receive cash or company shares as the award. They will be based and operated from a regulated jurisdiction with efficient domestic tax regime and favourable treaty with the country in which the employees will be primarily sited in retirement. Northland Group works with a panel of tax, legal and structuring advisors that work with you to design and deploy the most effective solution to meet your needs.

Employee Share Plans

Employee share plans use the shares, or a specific sub class of shares, in the company as the benefit that the individual will receive upon attaining the tailored distribution requirements. Those thresholds can be as simple as a prescribed period of continued employment following the award or as specific as requiring an exit event for the business (sale or public listing) before the individual benefits. Northland Group works with a panel of tax, legal and structuring advisors that work with you to design and deploy the most effective solution to meet your needs.

Northland Group representatives are happy to discuss with you and your advisors your circumstances to evaluate whether this might be the right next step for you and your business.