Paragraph 8 Participation requirement not infringed by exclusion of directors

In section 312C of ITEPA 2003, after subsection (2) insert—

“(2A)

The participation requirement is not infringed by reason of the exclusion of directors of the company from participating in an award.”

The amendment made by this paragraph has effect in relation to qualifying bonus payments made on or after 30 October 2024.