Paragraph 21
United Kingdom
(1)
A CSOP scheme must meet the requirements of—
F1paragraph 21A (general requirements as to terms of option),
paragraph 22 (requirements as to price for acquisition of shares), and
paragraph 23 (share options may not be transferred).
(2)
A CSOP scheme may make any provision authorised by—
paragraph 24 (exercise of options: ceasing to be director or employee), ...
paragraph 25 (exercise of options: death) F2, or
paragraph 25A (exercise of options: company events)
Annotations
Textual amendments
- F1
Words in Sch. 4 para. 21(1) inserted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 172, 204 (with Sch. 8 paras. 205-215)
- F2
Words in Sch. 4 para. 21(2) inserted (17.7.2013) by Finance Act 2013 (c. 29), Sch. 2 para. 28(b)