SCHEDULES

SCHEDULE 7Transitionals and savings

Part 7Employment income: share-related income

79Enterprise management incentives

1

Section 536 (other disqualifying events) has effect in relation to any alteration made to the share capital of a company before 11th May 2001 with the following modification.

2

In subsection (1), for paragraphs (b) and (c) substitute—

b

any alteration to the share capital of the relevant company to which section 537 applies and is made without the prior approval of the Inland Revenue;