Paragraph 89

United Kingdom

(1)

The plan may provide for the company to issue a plan termination notice in respect of the plan in circumstances specified in the plan.

(2)

The plan must provide that, where a plan termination notice is issued, a copy of the notice must be given, without delay, to—

F1(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)

the trustees,

(c)

each individual who has plan shares, and

(d)

each individual who has entered into a partnership share agreement which was in force immediately before the notice was issued.

Annotations

F1: Sch. 2 para. 89(2)(a) omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 29, 89 (with Sch. 8 paras. 90-96)

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)