SCHEDULES

SCHEDULE 3F3... SAYE option schemes

Annotations:
Amendments (Textual)
F3

Word in Sch. 3 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 103, 146 (with Sch. 8 paras. 147-157)

Part 4Shares to which schemes can apply

Requirements relating to shares that may be subject to share options: introduction

17

1

An SAYE option scheme must meet the requirements of—

  • paragraph 18 (shares must be ordinary shares of certain companies),

  • paragraph 19 (requirements as to listing),

  • paragraph 20 (shares must be fully paid up and not redeemable), F1and

  • F2...

  • paragraph 22 (requirements as to other shareholdings).

F41A

Sub-paragraph (1) and the other paragraphs of this Part are subject to paragraph 37(6B).

2

In this Part “eligible shares” means shares which may be acquired by the exercise of share options under the scheme.