Employment related securities. In relation to any employment related securities acquired by an employee of a Group Company prior to Completion, such Group Company and employee have entered into a valid election under section 431 of Income Tax (Earnings and Xxxxxxxx) Xxx 0000 in respect of such securities.
Employment related securities. The UK Companies do not have any shares in issue to which either Part 7 of ITEPA 2003 (or Chapter II, Part III of the Finance Act 1988) has applied.
Employment related securities. (1) The Company will not become liable to pay any Tax as a result of the application of ITEPA 2003 Section 447 to any benefit received after Completion in respect of employment-related securities acquired prior to Completion as a result of anything done prior to Completion (including, for the avoidance of doubt, as a result of the operation after Completion of any rights attached to such securities at Completion).
Employment related securities. 14.1 No employee or director or, so far as the Seller is aware, former employee or director of the Company or any person associated with any of them holds any shares or securities or interest in any shares of securities in the Company in respect of which the Company is liable to pay national insurance contributions or account for income tax or national insurance under the PAYE system in respect of, or in consequence of any Event occurring before Completion in relation to any such shares, securities, options or interests.
Employment related securities. 17.1. In relation to all employment related securities (as defined in section 4218(8) ITEPA) in relation to which any Group Company is, has been or will be the employer (as defined in section 4218(8) ITEPA) which have been acquired by any person since 15 April 2003, each relevant employee has entered into an election pursuant to section 431(1) ITEPA in the form approved by HMRC within 14 days of the acquisition of the employment-related securities (by him or any other person) and in relation to all securities options, such an election is required to be entered into by the relevant employee as a condition of exercise of the option.
Employment related securities. The Target has not issued any shares or securities which are employment-related securities for the purposes of Part 7 of the Income Tax (Earnings and Pensions) Xxx 0000.
Employment related securities. 16. No Target Group member has at any time issued any Relevant Employment-Related Security to any person. TAX AVOIDANCE
Employment related securities. No person has acquired by reason of an employment of that person or any other person an interest in any securities in the Company:
Employment related securities. In relation to all employment-related securities which have been acquired since 15 April 2003, and as set out in section 41 of the Bundle, each relevant employee has entered into an election pursuant to section 431(1) ITEPA in the form approved by HMRC within 14 days of the acquisition of the employment-related securities (by him or any other person) and in relation to all securities options, such an election is required to be entered into by the relevant employee as a condition of exercise of the option.
Employment related securities. (a) No restricted securities or restricted interests in securities (within the meaning of ITEPA 2003 Section 423) in relation to which the Company is, has been or will be the employer have at any time been acquired by any person.
