Your participation in the following plans may be effected if you are moving to another country:-
Diageo Share Option Plan (DSOP)
Senior Executive Share Option Plan (SESOP)
Diageo Long Term Incentive Plan (DELTIP)
Discretionary Incentive Plan (DIP)
Performance Share Plan (PSP)
Diageo Associated Companies Share Incentive Plan (DACSIP)
Diageo Associated Companies Share Option Plan (DACSOP)
If you are currently on assignment, you are tax equalised on your Diageo equity income, meaning that you should pay the same amount of income tax and social security as you would have had you not been on assignment.
Under Tax Equalisation, your final income tax and social security liability should be no more or less had you continued living and working in your home country and the hypothetical tax and social security deducted from you should reflect this position. Diageo will settle any other tax liabilities that arise in home and host countries.
It is important to distinguish Diageo stock income from exercises of Diageo stock options and releases of shares, etc from the sale of Diageo shares which are regarded as income.
Please note that once your International Assignment has concluded there may be ongoing tax implications in respect of your share plan holding. Please contact your Global Mobility Advisor for further information.
In the event of any conflict between this information, the rules of the relevant share plan(s) and Diageo’s Global Mobility Policies, the rules of the plan, Diageo’s Global Mobility Policies and applicable legislation will prevail.