ETASSUM28200 - Schedule 2 share incentive plan (SIP): Supplementary and defined terms: Index of defined terms
Paragraph 100 provides a list of terms used in the SIP Code and sets out where they occur in the Schedule or ITEPA 2003, or where they are defined or otherwise explained in this guidance.
| Term | Schedule or ITEPA 2003 location | Guidance location |
|---|---|---|
| Schedule 2 SIP | Paragraph 81A | ETASSUM20110 |
| articles of association | Paragraph 99(1) | - |
| associated company | Paragraph 94 (and see paragraph 29(3)) | ETASSUM28120 |
| award of shares | Paragraph 5(1) | ETASSUM24110, ETASSUM24310 & ETASSUM24510 |
| benefits code | Section 63(1) | ETASSUM24330, EIM20006 |
| building society | Section 989 ITA 2007 | - |
| child | Section 721(6) | - |
| close company | Section 989 ITA 2007 as modified by paragraph 20(4) | ETASSUM23250 |
| company | Paragraph 99(1) | ETASSUM28190 |
| the company (in relation to a SIP) | Paragraph 2(2) | ETASSUM20120 |
| connected person | Section 718 | - |
| consortium (member of) | Paragraph 99(3) | ETASSUM28190 |
| constituent company | Paragraph 4(3) | ETASSUM20120 |
| control | Section 719 (see also paragraphs 37(6) and 94(3)) | ETASSUM23140 |
| distribution | Section 989 ITA 2007 | - |
| dividend shares | Paragraph 62(3)(b) | ETASSUM24700 |
| earnings | Sections 62 & 721 (7) | ETASSUM24330 |
| eligible shares | Paragraph 25(2) | ETASSUM23110 |
| employee, employed, employer and employment | Section 4 | - |
| employment requirement | Paragraph 15(3) | ETASSUM22120 |
| forfeiture, provision for | Paragraph 99(1) | ETASSUM28190 & ETASSUM23290 |
| free shares | Paragraph 2(1)(a) | ETASSUM24100, ETASSUM28250 |
| group of companies, group company | Paragraph 99(1) | ETASSUM28190 |
| group plan | Paragraph 4(2) | ETASSUM20120 |
| holding period | Paragraph 36 (and see paragraph 67) | ETASSUM24120 & ETASSUM24770 |
| market value (of shares) | Paragraph 92 | ETASSUM28170 |
| matching shares | Paragraph 3(1) | ETASSUM24500 |
| notice (except in paragraph 54 or 55) | Section 989 of ITA 2007 | - |
| ordinary share capital | Section 989 of ITA 2007 | ETASSUM23160 |
| parent company | Paragraph 4(1) | - |
| participant (in relation to a SIP) | Paragraph 5(4) | - |
| participation in an award of shares | Paragraph 5(3) | - |
| partnership share agreement | Paragraph 44 | ETASSUM24320, ETASSUM28240 |
| partnership share money | Paragraph 45(2) | ETASSUM24330 |
| partnership shares | Paragraph 2(1)(b) | - |
| PAYE deduction | Section 488(4) | - |
| PAYE obligations | Paragraph 99(1) | - |
| PAYE regulations | Section 684(8) | - |
| performance allowances | Paragraph 34(4) | ETASSUM24140 |
| personal representatives | Section 989 ITA 2007 | - |
| plan requirements | Paragraph 2(2) | ETASSUM21010 |
| plan shares | Paragraph 99(1) (and see paragraphs 86 to 88) | ETASSUM23000 |
| the plan trust | Paragraph 71(3) | ETASSUM26000 |
| qualifying corporate bond | Paragraph 99(1) | - |
| qualifying employee | Paragraph 8(6) | ETASSUM22000 |
| recognised stock exchange | Section 1005 ITA 2007 | ETASSUM23240 |
| redundancy | Paragraph 99(1) | ETASSUM28190 |
| reinvestment | Paragraph 62(3)(a) | ETASSUM24700 |
| relevant employment | Paragraph 95(2) | ETASSUM28130 |
| rights arising under a rights issue | Paragraph 99(1) | ETASSUM25140 |
| salary | Paragraph 43(4) | ETASSUM24330 |
| Schedule 2 share incentive plan (“SIP”) | Section 488(4) | - |
| shares | Paragraph 99(2) (and in the context of a new holding, paragraph 87(6)) | - |
| the SIP code | Section 488(3) | - |
| tax | Section 989 of ITA 2007 | ETASSUM29000 |
| tax year | Section 721(1) | - |
| trustees | Paragraphs 2(2), 71(1) | ETASSUM26100 |
| trust instrument | Paragraph 71(3) | ETASSUM26100 |
| withdrawal of shares from plan | Paragraph 96(1) | ETASSUM28150 |