Employee Tax Advantaged Share Scheme User Manual

ETASSUM23110 - Schedule 2 share incentive plan (SIP): Shares that may be awarded: Eligible shares

A Schedule 2 SIP must provide for employees to acquire shares (바카라 사이트榚ligible shares바카라 사이트�) which satisfy the requirements of paragraphs 26 to 29 Schedule 2 ITEPA 2003.

Tax relief will only be given in respect of awards of shares which satisfy the relevant requirements. The company establishing the SIP must therefore ensure that the Plan rules define the eligible shares precisely so as to be able to self-certify that the SIP meets the requirements of schedule 2 (see ETASSUM11300):

• The plan documents must define the eligible shares precisely, such as 바카라 사이트極rdinary 拢1 shares in X Ltd which satisfy paragraphs 26-29 Schedule 2바카라 사이트�. Where there is only one class of share it would be acceptable to say 바카라 사이트渙rdinary shares which satisfy paragraphs 26-29 etc.바카라 사이트�.