{
  "url": "https://openlegislation.uk/finance-act-2003/schedule-21/paragraph-11",
  "json_url": "https://openlegislation.uk/finance-act-2003/schedule-21/paragraph-11.json",
  "legislation": "ukpga/2003/14",
  "legislation_title": "Finance Act 2003",
  "legislation_url": "https://openlegislation.uk/finance-act-2003",
  "path": "schedule/21/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": null,
  "text": "(1) Paragraph 34 (exercise of options: scheme-related employment ends) is amended as follows.\n(2) In sub-paragraph (2)(a), after “1996” insert “ or ER(NI)O 1996 ”.\n(3) In sub-paragraph (5)—\n(a) for “provide that,” substitute “ make provision about the time when the options may be exercised ”, and\n(b) omit the words following paragraph (b).\n(4) After that sub-paragraph insert—\n“(5A) If the scheme makes provision by virtue of sub-paragraph (5), the provision must be either—\n(a) that the options may be exercised within 6 months after the termination date, or\n(b) that the options may be exercised within 6 months after the date (if any) when P ceases to hold the employment which (before the termination date) was the scheme-related employment for a reason within sub-paragraph (2)(a) or (b).”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/14/schedule/21/paragraph/11",
    "retrieved_at": "2026-10-29T09:18:27.996599+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."
}