{"id":3281,"date":"2026-09-11T12:12:05","date_gmt":"2026-09-11T10:12:05","guid":{"rendered":"https:\/\/thi-treuhand.de\/references\/insolvency-protection-for-an-international-employee-share-purchase-plan-espp\/"},"modified":"2026-09-17T09:52:58","modified_gmt":"2026-09-17T07:52:58","slug":"insolvency-protection-for-an-international-employee-share-purchase-plan-espp","status":"publish","type":"page","link":"https:\/\/thi-treuhand.de\/en\/references\/insolvency-protection-for-an-international-employee-share-purchase-plan-espp\/","title":{"rendered":"Insolvency protection for an international employee share purchase plan (ESPP)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3281\" class=\"elementor elementor-3281 elementor-3066\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c259127 e-flex e-con-boxed e-con e-parent\" data-id=\"c259127\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0f7f3eb elementor-position-inline-start animated-slow elementor-mobile-position-inline-start elementor-view-default elementor-invisible elementor-widget elementor-widget-icon-box\" data-id=\"0f7f3eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"50\" height=\"2\" viewBox=\"0 0 50 2\" fill=\"none\"><rect width=\"50\" height=\"2\" rx=\"1\" fill=\"currentColor\"><\/rect><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tInsolvency protection for an international employee share purchase plan (ESPP) \t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9138a2a e-flex e-con-boxed e-con e-parent\" data-id=\"9138a2a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2987762 e-con-full e-flex e-con e-child\" data-id=\"2987762\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a19b330 animated-slow elementor-invisible elementor-widget elementor-widget-icon-box\" data-id=\"a19b330\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tsince 2021 \u00b7 international \u00b7 ongoing\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0949775 elementor-position-inline-start elementor-mobile-position-inline-start animated-slow elementor-view-default elementor-invisible elementor-widget elementor-widget-icon-box\" data-id=\"0949775\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"50\" height=\"2\" viewBox=\"0 0 50 2\" fill=\"none\"><rect width=\"50\" height=\"2\" rx=\"1\" fill=\"currentColor\"><\/rect><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tTeaser\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddf072b animated-slow elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"ddf072b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tFor the German subsidiary of a US-listed group, THI secures employees\u2019 contributions to the group-wide share purchase plan against insolvency \u2013 from the KYC check on each individual participant and the half-yearly settlement of the share purchases to the twofold secured repayment in a security event.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-90e6e4a e-flex e-con-boxed e-con e-parent\" data-id=\"90e6e4a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9f48513 animated-slow elementor-invisible elementor-widget elementor-widget-n-accordion\" data-id=\"9f48513\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:200,&quot;sizes&quot;:[]},&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;max_items_expended&quot;:&quot;one&quot;}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1670\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1670\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> <img decoding=\"async\" src=\"https:\/\/thi-treuhand.de\/wp-content\/uploads\/2026\/07\/thi-bar-icon2.svg\" style=\"width: 50px;vertical-align: middle;margin-right: 8px;padding-bottom: 2px\"> Background <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"43\" height=\"23\" viewBox=\"0 0 43 23\" fill=\"none\"><rect x=\"41.0122\" y=\"22.6274\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(-135 41.0122 22.6274)\" fill=\"black\"><\/rect><rect x=\"22.6274\" y=\"1.41423\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(135 22.6274 1.41423)\" fill=\"black\"><\/rect><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"43\" height=\"23\" viewBox=\"0 0 43 23\" fill=\"none\"><rect x=\"1.41418\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(45 1.41418 0)\" fill=\"black\"><\/rect><rect x=\"19.799\" y=\"21.2132\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(-45 19.799 21.2132)\" fill=\"black\"><\/rect><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1670\" class=\"elementor-element elementor-element-d863a04 e-con-full e-flex e-con e-child\" data-id=\"d863a04\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6f13dc0 animated-slow elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"6f13dc0\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tA US-listed group wished to extend its Employee Stock Purchase Plan to the employees of its German subsidiary. The requirements of German law called for a fiduciary solution to secure the monthly contributions against insolvency \u2013 around 200 eligible employees, programme volume in Germany around EUR 5 million. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1671\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1671\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> <img decoding=\"async\" src=\"https:\/\/thi-treuhand.de\/wp-content\/uploads\/2026\/07\/thi-bar-icon2.svg\" style=\"width: 50px;vertical-align: middle;margin-right: 8px;padding-bottom: 2px\"> THI\u2019s role <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"43\" height=\"23\" viewBox=\"0 0 43 23\" fill=\"none\"><rect x=\"41.0122\" y=\"22.6274\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(-135 41.0122 22.6274)\" fill=\"black\"><\/rect><rect x=\"22.6274\" y=\"1.41423\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(135 22.6274 1.41423)\" fill=\"black\"><\/rect><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"43\" height=\"23\" viewBox=\"0 0 43 23\" fill=\"none\"><rect x=\"1.41418\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(45 1.41418 0)\" fill=\"black\"><\/rect><rect x=\"19.799\" y=\"21.2132\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(-45 19.799 21.2132)\" fill=\"black\"><\/rect><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1671\" class=\"elementor-element elementor-element-587f774 e-con-full e-flex e-con e-child\" data-id=\"587f774\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ee68f03 animated-slow elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"ee68f03\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>THI developed the insolvency protection under German law and operates it on an ongoing basis: separate trust accounts for contributions and collateral, anti-money laundering checks on every participant with continuously updated release lists, monthly accounting and reporting, half-yearly settlement of the share purchases including currency conversion and monitoring of the plan\u2019s maximum limits, and defined processes for departures and cases of inheritance. THI determines the security event independently \u2013 including on the basis of the group\u2019s US capital market disclosures. Employees are protected twofold: in addition to the claim against THI, they have a direct claim against the account-holding bank under a contract for the benefit of third parties together with a pledge of the account receivables. The language of the procedure is English; the participant documents are available in German.   <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1672\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1672\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> <img decoding=\"async\" src=\"https:\/\/thi-treuhand.de\/wp-content\/uploads\/2026\/07\/thi-bar-icon2.svg\" style=\"width: 50px;vertical-align: middle;margin-right: 8px;padding-bottom: 2px\"> Result \/ status <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"43\" height=\"23\" viewBox=\"0 0 43 23\" fill=\"none\"><rect x=\"41.0122\" y=\"22.6274\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(-135 41.0122 22.6274)\" fill=\"black\"><\/rect><rect x=\"22.6274\" y=\"1.41423\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(135 22.6274 1.41423)\" fill=\"black\"><\/rect><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"43\" height=\"23\" viewBox=\"0 0 43 23\" fill=\"none\"><rect x=\"1.41418\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(45 1.41418 0)\" fill=\"black\"><\/rect><rect x=\"19.799\" y=\"21.2132\" width=\"30\" height=\"2\" rx=\"1\" transform=\"rotate(-45 19.799 21.2132)\" fill=\"black\"><\/rect><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1672\" class=\"elementor-element elementor-element-51abb40 e-con-full e-flex e-con e-child\" data-id=\"51abb40\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-260ca02 animated-slow elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"260ca02\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe programme has been running since 2021. In a security event the employees receive their accumulated contributions back immediately. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-09d7a8d e-flex e-con-boxed e-con e-parent\" data-id=\"09d7a8d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-8c23c95 e-con-full e-flex e-con e-child\" data-id=\"8c23c95\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ee3a460 elementor-position-inline-start elementor-mobile-position-inline-start animated-slow elementor-view-default elementor-invisible elementor-widget elementor-widget-icon-box\" data-id=\"ee3a460\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"50\" height=\"2\" viewBox=\"0 0 50 2\" fill=\"none\"><rect width=\"50\" height=\"2\" rx=\"1\" fill=\"currentColor\"><\/rect><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tDirect contact\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8eade9a e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"8eade9a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-9a995a5 e-con-full e-flex e-con e-child\" data-id=\"9a995a5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3edfb5d stichpunkt-text elementor-widget elementor-widget-heading\" data-id=\"3edfb5d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Dr Jo\u00ebl B. M\u00fcnch<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f62025f elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"f62025f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"tel:4930206137314\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10\" height=\"12\" viewBox=\"0 0 10 12\"><path d=\"M3.584 2.112H0V0H9.76V2.112H6.176V11.2H3.584V2.112Z\" fill=\"currentColor\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">+49 30 2061373 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elementor-widget-heading\" data-id=\"cbf0cb0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Jeannette D\u00f6hler<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca6aedd elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"ca6aedd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"tel:4930206137320\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10\" height=\"12\" 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class=\"elementor-element elementor-element-7fc200b animated-slow elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"7fc200b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW89074576 BCX0\" lang=\"DE-DE\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW89074576 BCX0\">Response within one business day.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cb3c13a e-con-full elementor-hidden-tablet elementor-hidden-mobile e-flex e-con e-child\" data-id=\"cb3c13a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Insolvency protection for an international employee share purchase plan (ESPP) since 2021 \u00b7 international \u00b7 ongoing Teaser For the German subsidiary of a US-listed group, THI secures employees\u2019 contributions to the group-wide share purchase plan against insolvency \u2013 from the KYC check on each individual participant and the half-yearly settlement of the share purchases to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3262,"parent":3278,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3281","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/thi-treuhand.de\/en\/wp-json\/wp\/v2\/pages\/3281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thi-treuhand.de\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/thi-treuhand.de\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/thi-treuhand.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thi-treuhand.de\/en\/wp-json\/wp\/v2\/comments?post=3281"}],"version-history":[{"count":3,"href":"https:\/\/thi-treuhand.de\/en\/wp-json\/wp\/v2\/pages\/3281\/revisions"}],"predecessor-version":[{"id":3447,"href":"https:\/\/thi-treuhand.de\/en\/wp-json\/wp\/v2\/pages\/3281\/revisions\/3447"}],"up":[{"embeddable":true,"href":"https:\/\/thi-treuhand.de\/en\/wp-json\/wp\/v2\/pages\/3278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thi-treuhand.de\/en\/wp-json\/wp\/v2\/media\/3262"}],"wp:attachment":[{"href":"https:\/\/thi-treuhand.de\/en\/wp-json\/wp\/v2\/media?parent=3281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}