Commentary on Sections Overview Part 6: Requirements etc. relating to share options Paragraph 37: Exercise of options: company events
3336.This paragraph derives from the remaining parts of paragraph 21 of Schedule 9 to ICTA. It deals with a number of events, which can occasion early exercise of an option.
3337.This paragraph brings out more clearly when the relevant date occurs in relation to these events. The expression “the relevant date” is introduced in sub-paragraph (1).