SCHEDULE 2Approved share incentive plans
Part 11Supplementary provisions
Index of defined expressions
100
In the SIP code the following expressions are defined or otherwise explained by the provisions indicated below:
accumulation period | paragraph 51 |
approval, approved | section 488(4) (and see paragraph 83(4)) |
articles of association | paragraph 99(1) |
associated company | paragraph 94 (and see paragraph 29(3)) |
award of shares | paragraph 5(1) |
the Board of Inland Revenue | section 720(2) |
building society | section 832(1) of ICTA |
ceasing to be in relevant employment (in relation to a participant) | paragraph 95 |
ceasing to be subject to plan (in relation to shares) | paragraph 97 |
child | section 832(5) of ICTA (and see section 721(6)) |
close company | section 832(1) of ICTA (and see paragraph 20(4)) |
company | paragraph 99(1) |
the company (in relation to a SIP) | paragraph 2(2) |
company reconstruction (in Part 11 of this Schedule) | paragraph 86(1) |
connected person | section 718 |
consortium (member of) | paragraph 99(3) |
constituent company | paragraph 4(3) |
control | section 719 (and see paragraphs 29(5), 37(6) and 94(3)) |
distribution | section 832(1) of ICTA |
dividend shares | paragraph 62(3)(b) |
earnings | section 62 and see section 721(7) |
eligible shares (in Part 4 of this Schedule) | paragraph 25(2) |
employee, employed, employer and employment | section 4 |
the employment requirement | paragraph 15(3) |
forfeiture, provision for | paragraph 99(1) |
free shares | paragraph 2(1)(a) |
group company | paragraph 99(1) |
group of companies | paragraph 99(1) |
group plan | paragraph 4(2) |
holding period | paragraph 36 (and see paragraph 67) |
the Inland Revenue | section 720(1) |
market value (of shares) | paragraph 92 |
matching shares | paragraph 3(1) |
notice (except in paragraph 54 or 55) | section 832(1) of ICTA |
ordinary share capital | section 832(1) of ICTA |
parent company | paragraph 4(1) |
participant (in relation to a SIP) | paragraph 5(4) |
participant’s plan shares | paragraph 99(1) (and see paragraph 87(1)) |
participation in an award of shares | paragraph 5(3) |
partnership share agreement | paragraph 44 |
partnership share money | paragraph 45(2) |
partnership shares | paragraph 2(1)(b) |
PAYE deduction | section 488(4) |
PAYE obligations | paragraph 99(1) |
PAYE regulations | section 684(8) |
performance allowances | paragraph 34(4) |
personal representatives | section 721(1) |
plan requirements (in relation to a SIP) | paragraph 2(2) |
plan shares (in relation to a SIP) | paragraph 99(1) (and see paragraphs 86 to 88) |
the plan trust | paragraph 71(3) |
provision for forfeiture | paragraph 99(1) |
qualifying corporate bond | paragraph 99(1) |
qualifying employee | paragraph 8(6) |
recognised stock exchange | section 841 of ICTA |
redundancy | paragraph 99(1) |
reinvestment | paragraph 62(3)(a) |
relevant employment | paragraph 95(2) |
rights arising under a rights issue | paragraph 99(1) |
salary | paragraph 43(4) |
share incentive plan (“SIP”) | section 488(4) |
shares | paragraph 99(2) (and in the context of a new holding, paragraph 87(6)) |
the SIP code | section 488(3) |
Special Commissioners | section 4 of TMA 1970 |
the specified retirement age | paragraph 98(1) |
tax | section 832(3) of ICTA |
tax year | section 721(1) |
the trustees | paragraphs 2(2), 71(1) |
the trust instrument | paragraph 71(3) |
withdrawal of shares from plan | paragraph 96(1) |