This section has no associated Explanatory Notes
175(1)Paragraph 25 (exercise of options: death) is amended as follows.U.K.
(2)Make the existing text sub-paragraph (1).
(3)In the new sub-paragraph (1) omit “but not later than 12 months after that date”.
(4)After the new sub-paragraph (1) insert—
“(2)Provision made under sub-paragraph (1) must permit the exercise of the options at any time on or after the date of death but not later than 12 months after that date.”