Income Tax (Earnings and Pensions) Act 2003 (c. 1)

SCHEDULES

SCHEDULE 3 U.K. Approved SAYE option schemes

Part 5 U.K. Requirement for linked savings scheme

Payments for shares to be linked to approved savings schemes U.K.

24 (1) The scheme must provide for shares acquired by the exercise of share options granted under the scheme to be paid for with money not exceeding the amount of repayments made and any interest paid under a CCS scheme which has been approved by the Inland Revenue for the purposes of this Schedule (“the CCS scheme”). U.K.

(2) In the SAYE code “CCS scheme” means certified contractual savings scheme.