The Herrington Carmichael corporate team has advised the founder of a business and domestic software development company on the implementation of a growth share scheme for key employees.

The Client

A dynamic software development company operating in the online media, broadcasting, and content creation sectors. The business supports music brands and educational institutions with innovative digital solutions and is well-positioned for continued growth in the creative technology space.

The Challenge

The founder sought to implement a growth share scheme to incentivise key employees and align their interests with the long-term success of the business. The project required the drafting of a complex “waterfall” arrangement within the company’s constitutional documents to ensure that value created above a certain threshold would be shared appropriately among participants.

Our Approach

The Herrington Carmichael Corporate Team provided strategic and technical legal support throughout the process. Our work included:

• Designing and implementing a bespoke growth share scheme, tailored to the company’s commercial objectives
• Drafting a complex waterfall structure within the company’s articles of association to govern how value would be distributed among shareholders

The Outcome

The growth share scheme was successfully implemented, providing a clear and motivating incentive for key employees to contribute to the company’s continued success. The structure ensures that value is shared fairly and transparently, while protecting the founder’s long-term vision.

What Our Team Said

Yavan Brar, Corporate Partner, commented:

“We are pleased to have helped the company in putting in place a growth share scheme so that employees are motivated to achieve growth for the business, and will be able to realise the value of the growth they have helped create.”

The Team

The project was led by Yavan Brar, Managing Partner, with support from Sophie Protheroe, Solicitor.

Whether you’re designing a bespoke incentive structure or navigating complex shareholder arrangements, our Corporate team delivers strategic legal support with clarity and precision.

Contact us today to discuss how we can support you.