The employment requirementU.K.
2(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.