# Income Tax (Earnings and Pensions) Act 2003, Paragraph 25

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

(1) The requirements of the following paragraphs must be met with respect to any shares that may be awarded under a SIP—
paragraph 26 (shares must be part of ordinary share capital of certain companies),
paragraph 27 (requirement as to listing etc.),
paragraph 28 (shares must be fully paid up and not redeemable), and
paragraph 29 (prohibited shares)
...
(2) In this Part of this Schedule “eligible shares” means shares that may be awarded under the plan.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/25 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-2/paragraph-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.