Commentary on Sections Overview Part 6: Requirements etc. relating to share options Paragraph 29: Share options must not be transferable
3320.This paragraph provides that the participant may not transfer share options. It derives from part of paragraph 22 of Schedule 9 to ICTA.
3321.There is a new sub-paragraph (2) which provides a signpost to paragraph 32 which deals with the position after the death of a participant.