# Income Tax (Earnings and Pensions) Act 2003, Paragraph 34


A share option is not a qualifying option unless the requirements of this Part of this Schedule as to the following are met at the appropriate time—
the type of shares that may be acquired (see paragraph 35),
when the option is capable of being exercised (see paragraph 36),
the terms being agreed in writing (see paragraph 37), and
the non-assignability of rights (see paragraph 38).

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/34 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-5/paragraph-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.