SCHEDULES
SCHEDULE 4F1... CSOP schemes
Annotations:
Amendments (Textual)
Part 2F2General requirements ...
Annotations:
Amendments (Textual)
F2
Words in Sch. 4 Pt. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 167, 204 (with Sch. 8 paras. 205-215)
General restriction on contents of scheme
F35
1
The purpose of the scheme must be to provide, in accordance with this Schedule, benefits for employees and directors in the form of share options.
2
The scheme must not provide benefits to employees or directors otherwise than in accordance with this Schedule.
3
For example, the scheme must not provide cash as an alternative to share options or shares which might otherwise be acquired by the exercise of share options.
Word in Sch. 4 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 164, 204 (with Sch. 8 paras. 205-215)