SCHEDULES

SCHEDULE 3... SAYE option schemes

Part 6Requirements etc. relating to share options

Exercise of options: employment in associated company at bonus date

36

The scheme may provide that if at the bonus date a participant holds an office or employment in a company which is—

(a)

an associated company of the scheme organiser, but

(b)

not a constituent company,

the options may be exercised within 6 months after that date.