Income Tax (Earnings and Pensions) Act 2003

Requirements etc. relating to share options: introduction

This section has no associated Explanatory Notes

21(1)A CSOP scheme must meet the requirements of—

  • 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), or

  • paragraph 25 (exercise of options: death).