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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 June 2015 - onwards
  Version 3 of 3    

509. Interpretation (Chapter 1).

(1) In this Chapter and in Schedule 11 -

"the appropriate percentage", in relation to any shares, shall be construed in accordance with section 511(3);

"approved scheme" shall be construed in accordance with section 510(1);

"the company concerned" has the meaning assigned to it by paragraph 3(1) of Schedule 11;

"group scheme" and, in relation to such a scheme, "participating company" have the meanings respectively assigned to them by paragraph 3(2) of Schedule 11;

"initial market value", in relation to any shares, shall be construed in accordance with section 510(2);

"locked-in value", in relation to any shares, shall be construed in accordance with section 512(1);

"market value", in relation to any shares, shall be construed in accordance with section 548;

"participant" shall be construed in accordance with section 510(1)(a);

"the period of retention" has the meaning assigned to it by section 511(1)(a);

"the release date" has the meaning assigned to it by section 511(2);

"shares" incl

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