Commentary on Sections Overview Part 6: Requirements etc. relating to share options Paragraph 32: Exercise of options: death
3324.This paragraph derives from paragraph 18 of Schedule 9 to ICTA. The paragraph allows the exercise of an option after the option holder’s death.
3325.The reference to the period of six months after the bonus date in sub-paragraph (b) now makes it clear that this rule applies to a death on the bonus date.