C1Part 7F1Employment income: income and exemptions relating to securities
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1
Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)
Chapter 7Approved SAYE option schemes
Introduction
517Share options to which this Chapter applies
1
This Chapter applies to a share option granted to an individual—
a
in accordance with the provisions of an approved SAYE option scheme, and
b
by reason of the individual’s office or employment as a director or employee of a company.
2
The individual may be a director or employee of the company whose shares are the subject of the share option, or of some other company.
Pt. 7 heading substituted (with effect in accordance with Sch. 22 para. 2(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 2(1)