SCHEDULES

SCHEDULE 2F1... share incentive plans

Annotations:
Amendments (Textual)
F1

Word in Sch. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 14, 89 (with Sch. 8 paras. 90-96)

Part 1Introduction

Matching shares

3

1

A SIP that provides for partnership shares may also provide for shares to be appropriated without payment to employees in proportion to the partnership shares acquired by them (“matching shares”).

2

If a SIP contains provision for all, or more than one, of the following—

  • free shares,

  • partnership shares, and

  • matching shares,

the plan may provide for the company to decide when the provisions relating to each kind of share are to have effect.