535 Disqualifying events relating to employee
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

535  Disqualifying events relating to employee

(1)     The following events relating to the employee are disqualifying events in relation to a qualifying option—

(a)     when the employee ceases to be an eligible employee in relation to the relevant company as a result of ceasing to meet the requirement in paragraph 25 of Schedule 5 (the employment requirement);

(b)     when the employee ceases to be such an employee as a result of ceasing to meet the requirement in paragraph

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