SCHEDULES

SCHEDULE 8Employee share schemes

PART 2SAYE option schemes

Amendments to Chapter 7 of Part 7 of ITEPA 2003

113

In paragraph 34 (exercise of options: scheme-related employment ends) in sub-paragraph (5)—

a

omit paragraph (a) and the “or” after it, and

b

in paragraph (b) after “organiser” insert “ where the transfer is not a relevant transfer within the meaning of the Transfer of Undertakings (Protection of Employment) Regulations 2006 ”.