Part 9

Special rules about settlements and trustees
Chapter 5

Share incentive plans

Interpretation of Chapter
490
1
This Chapter forms part of the SIP code (see section 488 of ITEPA 2003 (approved share incentive plans)).
2
Therefore expressions used in this Chapter and contained in the index at the end of Schedule 2 to ITEPA 2003 have the meaning indicated by that index.
3
For the purposes of this Chapter shares which are subject to provision for forfeiture are treated as acquired by the trustees if and when the forfeiture occurs.