Paragraph 10

(1)

The scheme must ensure that an individual is not eligible to participate in the scheme at a particular time unless the individual is then a director or employee of—

(a)

the scheme organiser, or

(b)

in the case of a group scheme, a constituent company.

(2)

The requirement of this paragraph is not infringed by a provision of the scheme required or authorised by a provision of this Schedule.

Notes on Schedule 3

Textual amendments

F1: Word in Sch. 3 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 103, 146 (with Sch. 8 paras. 147-157)