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 bankruptcy postbag for august
 Prizes

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T O P I C    R E V I E W
bluey875 Posted - 20 August 2008 : 10:14:13
How would the OR view a prize?
Strangely enough i have just won an employee of the year award with work,and the prize is 1000 company shares which currently are worth £90.BUT i cannot do anything with the shares as they are in a share save scheme which doesnt mature until 2010.would the OR want them after two years or would they want me to pay the current market value? or would they be exempt as they cannot be cashed in until after my BR has be discharged.
PS i went BR a month ago and i have my OR meeting next week by phone.
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Skippy Posted - 20 August 2008 : 11:57:34
I had a similar thing at work - the company was planning on going public and I was given share options worht 1500 USD. I didn't mention it to the OR as when I went BR nothing had been decided about the company going public, and even if I sold the shares I would have to pay 1500USD back to the company! I'm glad I didn't say anything now as I had a letter last week informing me that it wasn't going to happen and the share offer had been withdrawn!

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

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John Posted - 20 August 2008 : 10:24:48
Hi
as the value is relatively low and cannot be realised until 2010 if it were me I wouldn't bother mentioning it.

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