Consequential amendments
43(1)In paragraph 35 of Schedule 2 (approved share incentive plans: maximum annual award), for sub-paragraphs (3) and (4) substitute—
“(3)For the purposes of this paragraph the market value of restricted shares is to be determined as if they were not.
(4)Shares are “restricted shares” if there is any contract, agreement, arrangement or condition which makes provision to which any of subsections (2) to (4) of section 423 (restricted securities) would apply if the references in those subsections to the employment-related securities were to the shares.”.
(2)Sub-paragraph (1) has effect in accordance with the provision made for the substitution of Chapter 2 of Part 7.