SCHEDULES
SCHEDULE 4Approved CSOP schemes
Part 3Eligibility of individuals to participate in scheme
The employment requirement
8
1
The scheme must ensure that an individual is not eligible to be granted share options under the scheme at a particular time unless the individual is then a full-time director or a qualifying employee of—
a
the scheme organiser, or
b
in the case of a group scheme, a constituent company.
2
A “qualifying employee”, in relation to a company, means an employee of the company other than one who is a director of—
a
the company, or
b
in the case of a group scheme, a constituent company.