SCHEDULES
SCHEDULE 3F1... SAYE option schemes
Annotations:
Amendments (Textual)
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 F2at 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.
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)