Schedule 2 SIP definition

Schedule 2 SIP means a share incentive plan which meets the requirements of Parts 2 to 9 of the Schedule;
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Schedule 2 SIP means a share incentive plan in relation to which Parts 2 to 9 of Schedule 2 are met;
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Schedule 2 SIP means a share incentive plan that has been certified by the establishing company as complying with the requirements of ITEPA Schedule 2 and notified to HM Revenue & Customs in accordance with paragraph 81A of ITEPA Schedule 2.
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Examples of Schedule 2 SIP in a sentence

  • For so long as the Plan is a Schedule 2 SIP all Trustees shall be resident in the United Kingdom for tax purposes.

  • Participation in more than one plan3.2 Individuals are not eligible to participate in an Award in any Tax Year if at the same time they are to participate in an award of shares under another Schedule 2 SIP established by the Company or a Connected Company or if they would have participated in such a Schedule 2 SIP but for failure to meet the relevant performance allowances for that plan.

  • An individual shall not be eligible to participate in an award of Free Shares, Partnership Shares or Matching Shares in any Tax Year in which he has participated (or is in the same Tax year to participate) in any other plan established by the Company or a Connected Company which is a Schedule 2 SIP.

  • If the Plan ceases to be a Schedule 2 SIP by virtue of paragraph 81H or 81I of Schedule 2 and the period for an appeal has expired or an appeal has been unsuccessful or withdrawn, any Partnership Share Money held by the Trustee on behalf of a Participant must be paid to that Participant as soon as practicable after the expiry of such period or on the date the appeal is adjudged unsuccessful or withdrawn (as applicable).

  • If HMRC issues a notice under paragraphs 81H or 81I of Schedule 2 (Enquiries) that the Plan is not a Schedule 2 SIP, the Trustee must, as soon as practicable after the “relevant day” (within the meaning given in paragraph 56 of Schedule 2), ensure that any money held on the Participant’s behalf is paid to the Participant.

  • A Schedule 2 SIP may provide for awards of free shares to eligible employees who agree to accept them by signing a free share agreement.

  • Each applicant that submits an Expression of Interest (EOI) for Ministry of Business, Innovation and Employment funding has confirmed by submitting this EOI that these terms and conditions are accepted without reservation or variation.

  • A Schedule 2 SIP is one which meets criteria set out in Schedule 2 to ITEPA.

  • For the purposes of Rule 3.1 an individual shall be treated as having participated in an award of Free Shares under a Schedule 2 SIP if he would have received Free Shares under that plan but for his failure to meet a performance target.

  • But if the Plan is to be maintained as a Schedule 2 SIP, no change may be permitted if the amendment would result in the requirements of Schedule 2 not being met in relation to the Plan.The power to change the Rules in this Rule 15.1 is also subject to the restrictions in Rule 15.2.The Directors must not make any changes to the Plan which would breach the rule against perpetuities (see Rule 16.4).

Related to Schedule 2 SIP

  • Schedule F means internal revenue service schedule F (form 1040) filed by a taxpayer pursuant to the Internal Revenue Code.

  • Schedule B herein mean Schedule B attached hereto as constituted on the Effective Date, and thereafter as it may be amended from time to time (deemed or in writing) pursuant to Section 16 or 19(l).

  • Schedule 2 means Schedule 2 of this Licence unless otherwise stated;

  • Schedule E means internal revenue service schedule E (form 1040) filed by a taxpayer pursuant to the Internal Revenue Code.

  • Schedule means a schedule to this Agreement.

  • Schedule A has the meaning specified in Section 2.3(a);

  • Schedule C means internal revenue service schedule C (form 1040) filed by a taxpayer pursuant to the Internal Revenue Code.

  • Plan Schedule means the key terms applicable to Plans as set, and as may be varied by Us, from time to time in its absolute discretion without notice to You;

  • Schedule 9 means Schedule 9 to the Taxes Act 1988;

  • Schedule 1 means Schedule 1 of this Licence unless otherwise stated;

  • Exhibit means any item labeled as an Exhibit in the Solicitation or placed in the Exhibits section of the solicitation.

  • Exhibit 1 means Exhibit 1 to this Schedule C.

  • Exhibit C attached hereto is a graphic representation of the Permanent Easement. In the event of an ambiguity in Exhibit B, Exhibit C may be used to resolve said ambiguity.

  • Exhibit B means [Vendor]’s Response.

  • Schedule of Exceptions shall have the meaning set forth in Section 5, and is attached hereto as Exhibit C.

  • Schedule of Contracts means the list or lists of Contracts attached as Schedule A to this Agreement, which Contracts are being transferred to the Owner Trustee as part of the Trust Estate, which list or lists shall set forth the following information with respect to each such Contract in numbered columns:

  • Exhibit A means collectively Exhibits A-1 through A-n which incorporate into the Agreement the specific terms and conditions for each TCK licensed hereunder.

  • Progress Schedule means a schedule of the Work, in a form satisfactory to Owner, as further set forth in Section 3.02.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Appendix means an appendix to this Prospectus that sets out specific information applicable to a Sub-Fund.

  • Exhibit 2 Standard File Codes – Delinquency Reporting

  • Schedule 3 means Schedule 3 to ITEPA;

  • Schedule 4 means Schedule 4 to ITEPA;

  • Schedule I means the schedule of all Sale Portfolio that is Sold by the Seller to the Purchaser on a Purchase Date, as supplemented on any subsequent Purchase Date by the “Schedule I” attached to the applicable Loan Assignment, and incorporated herein by reference, as such schedule may be supplemented and amended from time to time pursuant to the terms hereof, which schedule shall, together with all supplements and amendments thereto, be included in and made part of the Loan Asset Schedule attached to the Loan and Servicing Agreement.

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • attached means attached to this Agreement when used in relation to a schedule;