# Finance Act 2000, Paragraph 30

Extent: E+W+S+N.I.

(1) The requirements of this paragraph are that in relation to an award of free shares under the plan—
(a) some or all of the shares must be awarded by reference to performance; and
(b) the awarding of the shares to qualifying employees who are members of the same performance unit must meet the requirement of paragraph 9 (participation on same terms).
(2) In determining for the purposes of sub-paragraph (1)(b) whether the requirement of paragraph 9 (participation on same terms) is met the free shares awarded in respect of each performance unit are treated as a separate award of free shares.
(3) If this method is used nothing in paragraph 9 (participation on same terms) requires the awarding of shares to members of different performance units to be on the same terms.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/30 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.