SCHEDULES
SCHEDULE 3F1... SAYE option schemes
Annotations:
Amendments (Textual)
Part 2General requirements F2...
Annotations:
Amendments (Textual)
F2
Words in Sch. 3 Pt. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 106, 146 (with Sch. 8 paras. 147-157)
No preferential treatment for directors and senior employees
8
1
The requirement of this paragraph is that, if the scheme organiser is a member of a group of companies, the scheme does not and is not likely to have the effect of conferring benefits wholly or mainly—
a
on directors of companies in the group, or
b
on employees of companies in the group who receive the higher or highest levels of remuneration.
2
“A group of companies” means a company and any other companies of which it has control.
Word in Sch. 3 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 103, 146 (with Sch. 8 paras. 147-157)