Paragraph 59
United Kingdom
(1)
The plan must provide for the matching shares to be—
(a)
shares of the same class and carrying the same rights as the partnership shares to which they relate;
(b)
awarded on the same day as the partnership shares to which they relate are awarded; and
(c)
awarded to all employees who participate in the award on exactly the same basis.
F1(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annotations
Textual amendments
- F1
Sch. 2 para. 59(2) omitted (with effect in accordance with Sch. 2 para. 58 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 2 para. 51
Notes on Schedule 2
Textual amendments
- F1
Word in Sch. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 14, 89 (with Sch. 8 paras. 90-96)