22
In forceGrant of share pursuant to exercise of option
22 Grant of share pursuant to exercise of option
The grant of the share by an employer does not constitute wages for the purposes of this Act if the employer is required to grant the share as a consequence of the exercise of an option by a person and—
(a)
the grant of the option to the person constitutes wages for the purposes of this Act; or
(b)
the option was granted to the person before 1 July 2007.
This Act’s bill:Explanatory memorandumSecond reading speech
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