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In a referendum on June 23, 2016, the UK voted to exit from the European Union (”EU"), the so-called Brexit. The UK Government is now likely to commence the formal process of withdrawing from the EU, although the timing is unclear.

For companies offering awards under employee share and other incentive plans in the UK and elsewhere in Europe, we offer some preliminary thoughts on areas affecting share and other incentive plans that may be impacted by Brexit

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