{
  "url": "https://openlegislation.uk/community-interest-company-regulations-2005/schedule-4A/paragraph-8",
  "json_url": "https://openlegislation.uk/community-interest-company-regulations-2005/schedule-4A/paragraph-8.json",
  "legislation": "uksi/2005/1788",
  "legislation_title": "The Community Interest Company Regulations 2005",
  "legislation_url": "https://openlegislation.uk/community-interest-company-regulations-2005",
  "path": "schedule/4A/paragraph/8",
  "kind": "paragraph",
  "number": "8",
  "heading": "Meaning of “long term incentive scheme”",
  "text": "(1) In this Schedule “long term incentive scheme” means an agreement or arrangement—\n(a) under which money or other assets may become receivable by a director, and\n(b) which includes one or more qualifying conditions with respect to service or performance which cannot be fulfilled within a single financial year.\n(2) For this purpose the following must be disregarded—\n(a) bonuses the amount of which falls to be determined by reference to service or performance within a single financial year,\n(b) compensation for loss of office, payments for breach of contract and other termination payments, and\n(c) retirement benefits.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 4A inserted (7.8.2018 with application in accordance with reg. 1(3) of the amending S.I.) by The Companies (Miscellaneous Reporting) Regulations 2018 (S.I. 2018/860), reg. 1(3), Sch."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/1788/schedule/4A/paragraph/8",
    "retrieved_at": "2026-11-09T03:31:00.086408+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}