As of 6 April 1997 this text has repealed

(1)

(a) In this section -

"basic pay", in relation to a participating employee of a qualifying company, means the employee’s emoluments (other than non-pecuniary emoluments) from the company in respect of an employment held with the company;

"collective agreement" means an agreement entered into by a company with, or on behalf of, one or more than one body representative of employees of the company where each such body is either the holder of a negotiation licence under the Trade Union Act, 1941 or is an excepted body within the meaning of section 6 of that Act as amended by the Trade Union Act, 1942;

"control", in relation to a qualifying company, means the power of a person to secure, by means of the holding of shares or the possession of voting power in or in relation to that qualifying company or any other qualifying company, or by virtue of any power conferred by the articles of association or any other document regulating that or any other qualifying company, that the affairs of the first-mentioned qualifying company are conducted in accordance with the wishes of that person and, in relation to a partnership, means the right to a share of more than one-half of the assets, or of more than one-half of the income, of the partnership;

"emoluments" has the meaning assigned to it by section 138B (inserted by the Finance Act, 1980) of the Income Tax Act, 1967;

"employment" means an office or employment of profit such that any emoluments thereof fall to be charged to tax under Schedule E;

"the Minister" means the Minister for Enterprise and Employment;