Part 7Employment income: income and exemptions relating to securities
Chapter 8... CSOP schemes
Introduction
522Share options to which this Chapter applies
(1)
This Chapter applies to a share option granted to an individual—
(a)
in accordance with the provisions of F1a Schedule 4 CSOP scheme, and
(b)
by reason of the individual’s office or employment as a director or employee of a company.
(2)
The individual may be a director or employee of the company whose shares are the subject of the share option, or of some other company.