SCHEDULES

SCHEDULE 2Approved share incentive plans

Part 10Approval of plans

Withdrawal of approval

83

1

This paragraph applies if a disqualifying event (see paragraph 84) occurs in relation to an approved SIP.

2

F1An officer of Revenue and Customs may by a notice given to the company withdraw the approval with effect from—

a

the time at which the disqualifying event occurred, or

b

a later time specified by F1an officer of Revenue and Customs in the notice.

3

The withdrawal of approval of a SIP does not affect the operation of the SIP code in relation to shares awarded to participants in the plan before the time with effect from which approval was withdrawn.

4

References in the SIP code to an approved SIP in relation to such shares are to a plan that was approved at the time when the shares were awarded.