Requirements etc. relating to share options: introductionU.K.
27(1)An SAYE option scheme must meet the requirements of—U.K.
paragraph 28 (requirements as to price for acquisition of shares),
paragraph 29 (share options must not be transferable),
paragraph 30 (time for exercising options: general),
paragraph 31 (requirement to have a “specified age”),
paragraph 32 (exercise of options: death),
paragraph 33 (exercise of options: reaching specified age without retiring), and
paragraph 34 (exercise of options: scheme-related employment ends).
(2)An SAYE option scheme may make any provision authorised by—
paragraph 36 (exercise of options: employment in associated company at bonus date), and
paragraph 37 (exercise of options: company events).