# Income Tax (Earnings and Pensions) Act 2003, Paragraph 3


(1) A SIP that provides for partnership shares may also provide for shares to be appropriated without payment to employees in proportion to the partnership shares acquired by them (“matching shares”).
(2) If a SIP contains provision for all, or more than one, of the following—
free shares,
partnership shares, and
matching shares,
the plan may provide for the company to decide when the provisions relating to each kind of share are to have effect.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.