Section 50 Share incentive plans: power to adjust maximum annual awards etc

(1)

Schedule 2 to ITEPA 2003 (share incentive plans) is amended as follows.

(2)

In paragraph 35 (free shares: maximum annual award) after sub-paragraph (2) insert—

(2A)
The Treasury may by order amend sub-paragraph (1) by substituting for any amount for the time being specified there an amount specified in the order.

(3)

In paragraph 46 (partnership shares: maximum amount of deductions from employee's salary) after sub-paragraph (5) insert—

(6)
The Treasury may by order amend sub-paragraph (1) by substituting for any amount for the time being specified there an amount specified in the order.

(4)

In paragraph 60 (matching shares: maximum ratio of matching shares to partnership shares) after sub-paragraph (3) insert—

(4)
The Treasury may by order amend sub-paragraph (2) by substituting for any ratio for the time being specified there a ratio specified in the order.