SCHEDULES
SCHEDULE 2

Approved share incentive plans
Part 11

Supplementary 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)