SCHEDULES

SCHEDULE 23Corporation tax relief for employee share acquisition

Part 2Award of shares

Introduction

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1

The provisions of this Part of this Schedule apply in the case of an award of shares.

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Where the shares acquired are restricted shares, the provisions of this Part have effect subject to the provisions of Part 4 of this Schedule.

3

Where the shares acquired are convertible shares, the provisions of this Part have effect subject to the provisions of Part 4A of this Schedule.