ETASSUM31010 - Schedule 3 SAYE Option Scheme: General requirements: Introduction
»Ê¹ÚÌåÓýapp scheme must meet the purpose of providing benefits in the form of share options to employees and directors. »Ê¹ÚÌåÓýapp scheme must not provide benefits to employees or directors other than in accordance with Schedule 3 ITEPA, for example it must not provide cash to employees as an alternative to share options or shares that might otherwise be acquired by the exercise of share options.