Part 5 Share Incentive Plans: Partnership Shares

Part 5 Share Incentive Plans: Partnership Shares

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Schedule 2 to ITEPA 2003 is amended as follows.

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(1)     In Part 6 (partnership shares) paragraph 52 (application of money deducted in accumulation period) is amended as follows.

(2)     After sub-paragraph (2) insert—

“(2A)     The number of shares awarded to the employee must be determined in accordance with one of sub-paragraphs (3), (3A) and (3B) and the partnership share agreement

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