Textual Amendments
F1Word 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)
95(1)This paragraph explains what is meant, for the purposes of the SIP code, by a participant ceasing to be in relevant employment.U.K.
(2)For the purposes of the SIP code “relevant employment” means employment by the company or any associated company.
(3)A participant who remains in the employment of the company or any associated company does not cease to be in relevant employment.