SCHEDULES

SCHEDULE 8 U.K. Employee share schemes

PART 3 U.K. CSOP schemes

Amendments to Chapter 8 of Part 7 of ITEPA 2003 U.K.

175 (1) Paragraph 25 (exercise of options: death) is amended as follows. U.K.

(2) Make the existing text sub-paragraph (1).

(3) In the new sub-paragraph (1) omit “but not later than 12 months after that date”.

(4) After the new sub-paragraph (1) insert—

“(2) Provision made under sub-paragraph (1) must permit the exercise of the options at any time on or after the date of death but not later than 12 months after that date.”