NMWM09310 - Pay reference periods and elements of pay: shares and securities

Relevant legislation

The legislation that applies to this page is as follows:

• National Minimum Wage Regulations 2015, regulations 9(1) & 10

Payment by way of shares is not a payment for National Minimum Wage purposes (NMWM09060). Therefore, the value of any shares given to the worker by the employer or a third party, do not count towards a worker’s total remuneration (NMWM09050) and are not taken into account when calculating National Minimum Wage pay.

For dividends: See (NMWM09160).