SCHEDULES

SCHEDULE 4Approved CSOP schemes

Part 5Requirements etc. relating to share options

Requirements etc. relating to share options: introduction

21

(1)

A CSOP scheme must meet the requirements of—

  • paragraph 22 (requirements as to price for acquisition of shares), and

  • paragraph 23 (share options may not be transferred).

(2)

A CSOP scheme may make any provision authorised by—

  • paragraph 24 (exercise of options: ceasing to be director or employee), or

  • paragraph 25 (exercise of options: death).