ETASSUM32180 - Schedule SAYE Option Scheme: Eligibility of individuals to participate: »Ê¹ÚÌåÓýapp employment requirement: Full-time directors and employees
Full-time director is not defined in the legislation. HMRC accept that schemes which define a full-time director by reference to a working week in excess of 25 hours (excluding meal breaks) would meet the requirements of paragraph 6(2)(a). Hours worked for several constituent companies may be aggregated. »Ê¹ÚÌåÓýappre is no working hours requirement in respect of employees and scheme rules will not be acceptable that specify an hours requirement for employees. All employees both part-time and full time must be invited to participate.