SCHEDULES
SCHEDULE 13 EMPLOYEE SHARE OWNERSHIP PLANS: AMENDMENTS
2The employment requirement
1
In paragraph 14—
a
in sub-paragraph (1), for paragraph (b)(i) and (ii) (periods counting towards qualifying period) substitute “
of a qualifying company
”
, and
b
after that sub-paragraph insert—
1A
Except in the case of a group plan, a qualifying company means—
a
the company, or
b
a company that when the individual was employed by it was an associated company—
i
of the company, or
ii
of another company qualifying under this paragraph.
1B
In the case of a group plan, a qualifying company means—
a
a company that is a participating company at the end of the qualifying period, or
b
a company that when the individual was employed by it was a participating company, or
c
a company that when the individual was employed by it was an associated company of—
i
a company qualifying under paragraph (a) or (b), or
ii
another company qualifying under this paragraph.
2
This paragraph has effect in relation to awards of shares (within the meaning of Schedule 8 to the Finance Act 2000 (c. 17)) made after the passing of this Act.