517Share options to which this Chapter applies
This section has no associated Explanatory Notes
(1)This Chapter applies to a share option granted to an individual—
(a)in accordance with the provisions of an approved SAYE option scheme, and
(b)by reason of the individual’s office or employment as a director or employee of a company.
(2)The individual may be a director or employee of the company whose shares are the subject of the share option, or of some other company.