Commentary on Sections Overview Part 5: Requirements etc. relating to share options Paragraph 23: Share options must not be transferable
3428.This paragraph provides that the participant may not transfer share options. It derives from part of paragraph 27(2) of Schedule 9 to ICTA.
3429.There is a new sub-paragraph (2) which provides a signpost to paragraph 25 of this Schedule which deals with the position after the death of a participant.