Commentary on Sections Overview Part 2: General requirements Paragraph 9: Participation on same terms
2970.This paragraph states that a SIP must provide that all employees who participate in it must do so on the same terms. It derives from paragraph 9 of Schedule 8.
2971.Sub-paragraph (3) recasts paragraph 9(3) of Schedule 8, replacing two sentences with a single sentence.
2972.In sub-paragraph (5), the cross-references to the provisions dealing with performance allowances have been placed in paragraphs of their own.
2973.Sub-paragraph (7) is new. This provision makes explicit that, in the case of partnership shares, the requirements of this paragraph are not infringed because a deduction of the same percentage of salary will result in employees with larger salaries having larger amounts deducted and receiving awards of more shares. This provision accords with Inland Revenue practice on this point.