SCHEDULES

SCHEDULE 5Enterprise management incentives

Part 8Supplementary provisions

Minor definitions

58

In the EMI code—

  • “arrangements” includes any scheme, agreement or understanding, whether it is legally enforceable or not;

  • “company” means a body corporate;

  • “group of companies” means a parent company and its 51% subsidiaries;

  • “the group”, in relation to a parent company, means that company and its 51% subsidiaries;

  • “parent company” means a company that has one or more 51% subsidiaries and “single company” means a company that does not;

  • “research and development” has the meaning given by section 837A of ICTA;

  • “shares” includes stock.