REQUIREMENTS RELATING TO SHARES THAT MAY BE SUBJECT TO SHARE OPTIONS: INTRODUCTION

Related Commentary  

17(1)  An SAYE option scheme must meet the requirements of– paragraph 18 (shares must be ordinary shares of certain companies),

paragraph 19 (requirements as to listing),

paragraph 20 (shares must be fully paid up and not redeemable), and

paragraph 22 (requirements as to other shareholdings).

17(1A)  Sub-paragraph (1) and the other paragraphs of this Part are subject to paragraph 37(6B).

17(2)  In this Part “eligible shares”  means shares which may be acquired by the exercise of share options under the scheme.

History

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.