- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
6(1)Sub-paragraph (2) applies if an employee (“E”) has already been granted, by reason of E’s employment with one company, qualifying options in respect of shares with a total value of £100,000.
(2)Any further option granted by reason of E’s employment—
(a)with that company, or
(b)if it is a member of a group of companies, with any member of that group,
within the 3-year restriction period cannot be a qualifying option.
(3)Sub-paragraph (4) applies if an employee (“E”) has already been granted, by reason of E’s employment with two or more companies which are members of the same group of companies, qualifying options in respect of shares with a total value of £100,000.
(4)Any further option granted, by reason of E’s employment with any member of that group, within the 3-year restriction period cannot be a qualifying option.
(5)Sub-paragraph (2) or (4) applies whether or not the qualifying options already granted have been exercised or released.
(6)In those sub-paragraphs “the 3-year restriction period” means the period of three years after the date of the grant of the last qualifying option.
(7)Paragraph 5(6) to (8) (determination of value of shares) apply for the purposes of this paragraph as they apply for the purposes of paragraph 5.
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