# Income Tax (Earnings and Pensions) Act 2003, Paragraph 27

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

(1) An SAYE option scheme must meet the requirements of—
paragraph 28 (requirements as to price for acquisition of shares),
paragraph 29 (share options must not be transferable),
paragraph 30 (time for exercising options: general),
...
paragraph 32 (exercise of options: death), and
...
paragraph 34 (exercise of options: scheme-related employment ends).
(2) An SAYE option scheme may make any provision authorised by—
paragraph 36 (exercise of options: employment in associated company at bonus date), and
paragraph 37 (exercise of options: company events).

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/3/paragraph/27 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-3/paragraph-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.