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Part 2 General requirements

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  1. General requirements: introduction
  2. Purpose of granting the option
  3. Maximum entitlement of employee: financial limit on unexercised options
  4. Maximum entitlement of employee: further limit of 3 years
  5. Maximum value of options in respect of relevant company’s shares

Notes on Schedule 5

Modifications

C1

Sch. 5 modified (18.3.2026) by Finance Act 2026 (c. 11), s. 16

C2

Sch. 5 modified (6.4.2026) by Finance Act 2026 (c. 11), s. 13(10)