Paragraph 95
(1)
This paragraph explains what is meant, for the purposes of the SIP code, by a participant ceasing to be in relevant employment.
(2)
For the purposes of the SIP code “relevant employment” means employment by the company or any associated company.
(3)
A participant who remains in the employment of the company or any associated company does not cease to be in relevant employment.
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)