SCHEDULES

SCHEDULE 15A CONTRACTUAL SAVINGS SCHEMES

Share option linked schemes

2

(1)

A share option linked scheme is a scheme under which periodical contributions are to be made by an individual—

(a)

who is eligible to participate in (that is, to obtain and exercise rights under) an approved savings-related share option scheme, and

(b)

who is to make the contributions for the purpose of enabling him to participate in that approved scheme.

(2)

In sub-paragraph (1) above—

(a)

“savings-related share option scheme” has the meaning given by paragraph 1 of Schedule 9, and

(b)

“approved” means approved under that Schedule.