Repayment of partnership share money on withdrawal of approval or terminationU.K.
56(1)The plan must provide that, where the approval of the plan is withdrawn (see paragraph 83), any partnership share money held on behalf of an employee is to be paid over to the employee.U.K.
(2)The plan must require the payment to be made as soon as practicable after notice of the withdrawal of approval is given to the company.
(3)The plan must provide that, where a plan termination notice is issued in respect of the plan (see paragraph 90), any partnership share money held on behalf of an employee is to be paid over to the employee.
(4)The plan must require the payment to be made as soon as practicable after the plan termination notice is notified to the trustees under paragraph 89(2).