ETASSUM42120 - Schedule 4 Company Share Option Plan (CSOP): Eligibility of individuals to participate: »Ê¹ÚÌåÓýapp employment requirement: Grant of options

A Schedule 4 CSOP scheme must only provide for options to be granted to current full time directors and employees of the company which established the scheme (or of a constituent company in a group scheme) who satisfy certain eligibility provisions. »Ê¹ÚÌåÓýapp scheme rules must make it clear how these eligibility provisions are to be interpreted.

Schemes may provide for options to be granted to:

  • qualifying employees (full-time or part-time employees who are not directors), and / or
  • full-time directors (see ETASSUM42130),

of the scheme organiser or any constituent company. »Ê¹ÚÌåÓýapp company may impose more stringent requirements which are acceptable.