# Income Tax (Earnings and Pensions) Act 2003, Paragraph 36


The scheme may provide that if at the bonus date a participant holds an office or employment in a company which is—
(a) an associated company of the scheme organiser, but
(b) not a constituent company,
the options may be exercised within 6 months after that date.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/3/paragraph/36 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-3/paragraph-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.