# Income Tax (Earnings and Pensions) Act 2003, Paragraph 59

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

(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.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/59 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-2/paragraph-59
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.