Commentary on Sections Overview Chapter 1: Share incentive plans Section 993: Termination plan notice
2552.This section withdraws a proportion of the relief given by section 989 if the company terminates the SIP before all the shares have been awarded. It is based on paragraph 12 to Schedule 4AA to ICTA.
2553.This section contains a change to clarify and make more consistent the way in which withdrawn relief is treated. See Change 76 in Annex 1 and the commentary on section 986.