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Employee Share Schemes

Appendix 12A: Savings-Related Share Option Scheme

In Chapter 12: Savings-Related Share Option Schemes

Employee Share Schemes

Mark Ife
Bloomsbury Professional
Sixth edition
Publication Date:
Law As Stated At:
1 August 2014
Set out below is a precedent for a savings-related share option scheme. It is intended to comply with the requirements of ITEPA 2003, Sch 3. The scheme may need to be amended in order to meet the needs of particular companies (for example, to take account of institutional investor guidelines and the UKLA Listing Rules for a listed company). Such provisions may not be necessary, however, for inclusion in the rules for a private company. Rules of the [ ] Savings-Related Share Option Scheme 1. Definitions 1.1 In this Scheme, the following words and expressions shall bear, unless the context otherwise requires, the meanings set forth below: ‘Appropriate Period’ has the meaning given by Paragraph 38(3) of Schedule 3 to ITEPA; ‘Associated Company’ means an associated company of the Company within the meaning that expression bears in Paragraph 47 of Schedule 3 to ITEPA, save in respect of Rules ‘the ...
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