Income Tax (Earnings and Pensions) Act 2003 (c. 1)

SCHEDULES

SCHEDULE 4 U.K. Approved CSOP schemes

Part 5 U.K. Requirements etc. relating to share options

Exercise of options: death U.K.

25 U.K. The scheme may provide that, if a participant dies before exercising the options, they may be exercised on or after the date of death but not later than 12 months after that date.