Commentary on Sections Overview Part 6: Partnership shares Paragraph 57: Access to partnership shares
3126.This paragraph sets out the requirement that a SIP must provide that, when partnership shares have been awarded to an employee, the employee may withdraw any or all of those shares from the plan. The paragraph derives from paragraph 47 of Schedule 8.
3127.Sub-paragraph (2) has been expanded by the addition of the words “If the employee does so” at the beginning of this provision.