Grant of share as result of exercise of option

In force

The grant of a share by an employer is not wages for this Act if the employer is required to grant the share because of the exercise of an option by a person and—

(a)

the grant of the option to the person is wages for this Act; or

(b)

the option was granted to the person before 1 July 2005.

This Act’s bill:Explanatory statement Second reading speech

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22 Grant of share as result of exercise of option