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

Requirements etc. relating to share options: introduction U.K.

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

• 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).