SCHEDULES
SCHEDULE 3... SAYE option schemes
Part 6Requirements etc. relating to share options
Exercise of options: death
32
The scheme must provide that, if a participant dies before exercising the options, they may be exercised F1at any time on or after the date of death but not later than—
(a)
12 months after the date of death, in a case where the participant dies before the bonus date, or
(b)
12 months after the bonus date, in a case where the participant dies on or within 6 months after that date.