Income Tax (Earnings and Pensions) Act 2003

This section has no associated Explanatory Notes

36(1)The option must be capable of being exercised within the period of 10 years beginning with the date on which it is granted.U.K.

(2)Where the exercise of the option is dependent on the fulfilment of conditions, the option is to be taken to be capable of being exercised within the period mentioned in sub-paragraph (1) if the conditions may be fulfilled within that period.