471Share options to which this Chapter applies
This section has no associated Explanatory Notes
(1)This Chapter applies to a share option granted by reason of a person’s office or employment as a director or employee of a company.
(2)The person may be a director or employee of the company whose shares are the subject of the share option, or of another company.
(3)The share option may be granted to the director or employee or to another person.
(4)In this Chapter, a “share option” means a right to acquire shares in a company and (unless the context indicates a different meaning)—
“the employee”, in relation to a share option, means the person mentioned in subsection (1); and
“the share option” means the right to acquire shares mentioned there;
and “director” and “employee” have the extended meaning given by section 487(1).