Related Commentary  

205A(1)  An individual who is or becomes an employee of a company is an “employee shareholder” if–

(a)the company and the individual agree that the individual is to be an employee shareholder,

(b)in consideration of that agreement, the company issues or allots to the individual fully paid up shares in the company, or procures the issue or allotment to the individual of fully paid up shares in its parent undertaking, which have a value, on the day of issue or allotment, of no less than £2,000,

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