# The Social Security (Contributions) Regulations 2001, Paragraph


In those paragraphs—
(a) “the total market value” means the price which the shares which are the subject of the right in question might reasonably be expected to fetch on sale in the open market;
(b) the total market value of the subsequent right is similar to the total market value of the first right if it is not substantially greater than the first right;
(c) “total discount” means the difference between the total value of the exercise price of the shares that are the subject of the right in question and the total market value of that right;
(d) neither the consideration given for the grant of the right nor any entire consideration shall be taken to include the performance of any duties of or in connection with the office or employment by reason of which the right was granted and no part of the amount or value of the consideration given for the grant shall be deducted more than once;
(e) “shares”, so far as the context permits, includes stock; and
(f) “body corporate” includes—
(i) a body corporate constituted under the law of a country or territory outside the United Kingdom; and
(ii) an unincorporated association wherever constituted.

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Source: https://www.legislation.gov.uk/uksi/2001/1004/schedule/2/paragraph/wrapper7n1 (the official version)
Page: https://openlegislation.uk/social-security-contributions-regulations-2001/schedule-2/paragraph-wrapper7n1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.