SCHEDULES

SCHEDULE 4F3... CSOP schemes

Annotations:
Amendments (Textual)
F3

Word in Sch. 4 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 164, 204 (with Sch. 8 paras. 205-215)

Part 5Requirements etc. relating to share options

Requirements etc. relating to share options: introduction

21

1

A CSOP scheme must meet the requirements of—

  • F4paragraph 21A (general requirements as to terms of option),

  • paragraph 22 (requirements as to price for acquisition of shares), and

  • paragraph 23 (share options may not be transferred).

2

A CSOP scheme may make any provision authorised by—

  • paragraph 24 (exercise of options: ceasing to be director or employee), F1...

  • paragraph 25 (exercise of options: death) F2, or

  • paragraph 25A (exercise of options: company events)