SCHEDULES

SCHEDULE 3 U.K.Approved SAYE option schemes

Part 2 U.K.General requirements for approval

General requirements for approval: introduction U.K.

4 U.K.An SAYE option scheme must meet the requirements of—

• paragraph 5 (general restriction on contents of scheme),

• paragraph 6 (all-employee nature of scheme),

• paragraph 7 (participation on similar terms), and

• paragraph 8 (no preferential treatment for directors and senior employees).