Employee Share Plans in Europe and the USA - Sorainen
Employee Share Plans in Europe and the USA - Sorainen
Employee Share Plans in Europe and the USA - Sorainen
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<strong>Employee</strong> <strong>Share</strong> <strong>Plans</strong> <strong>in</strong> <strong>Europe</strong> <strong>and</strong> <strong>the</strong> <strong>USA</strong>Greece9. Employment lawPlease refer to paragraph 4 on pages 5-6 of this guide. This expla<strong>in</strong>s <strong>the</strong>employment law issues which are generally applicable to a greater or lesserdegree <strong>in</strong> all <strong>the</strong> countries covered by this guide. There is a risk that employeesmay claim a right to cont<strong>in</strong>ued participation <strong>in</strong> an employee share plan or thatrights under a plan may be <strong>in</strong>cluded <strong>in</strong> compensation on term<strong>in</strong>ation.Companies should seek specific advice on <strong>the</strong>se issues <strong>and</strong> o<strong>the</strong>r employmentlaw issues which may be applicable.9Greek Law 2472/1997 implemented <strong>the</strong> <strong>Europe</strong>an Directive (95/46/EC) on personal data protection.Under Law 2472/1997, a person's personal data is fully protected. This means that employees mustconsent to <strong>the</strong> disclosure of <strong>the</strong>ir personal data to a third party <strong>and</strong> may specify how <strong>the</strong> data is to beused.UK/1729295/03 93 September 2010
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