The Share Incentive Plan (SIP) is an HM Revenue & Customs approved plan that includes Freeshares, Sharepurchase and Sharematch. It is only open to employees based in the UK who are paying UK income tax. If you move to another country and become subject to other international tax compliance, you may no longer be able to participate in SIP.
Sharepurchase/Sharematch : contributions will be suspended. When you return to the UK, you can elect to reinstate your contributions as these will not restart automatically. Your existing Sharepurchase/Sharematch shares will remain in the SIP plan in line with the SIP Rules.
Freeshares : The Diageo Board may grant discretion for the award of Freeshares, providing you remain on a home country contract. Your existing Freeshares will remain in the SIP plan in line with the SIP Rules.
You may be eligible to participate in a similar international plan, if there is an offering in the country where you are based. For further information, please contact your HRBP or local champion.
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.