SAYE option schemesU.K.
7U.K.Part 6 of Schedule 3 (requirements etc relating to share options) is amended as follows.
8U.K.In paragraph 27 (introduction) in sub-paragraph (1)—
(a)omit the entry for paragraph 31,
(b)after the entry for paragraph 32 insert “ and ”, and
(c)omit the entry for paragraph 33 and the “and” after it.
9U.K.In paragraph 30 (time for exercising options) in sub-paragraph (2)(a)—
(a)for “32 to” substitute “ 32, ”, and
(b)omit “reaching the specified age without retiring,”.
10U.K.Omit paragraph 31 (requirement to have a “specified age”).
11U.K.Omit paragraph 33 (exercise of options: reaching specified age without retiring).
12U.K.In paragraph 34 (exercise of options: scheme-related employment ends) in sub-paragraph (2)(b) omit the words from “on” to “employment”.
13U.K.In Part 9 of Schedule 3 (supplementary provisions) in paragraph 49 (index of defined expressions) omit the entry for “specified age”.