SolvedETASSUM21090 | Schedule 2 share incentive plan (SIP): General requirements: Performance conditions
From HM Revenue & Customs · Employee Tax Advantaged Share Scheme User Manual
The ‘same terms’ requirement does not prevent a company from making the award of free shares to particular individuals, and/or the level of their award, conditional on a performance condition being met (paragraph 9(5)). The SIP Code refers to acceptable performance conditions as “performance allowances” and sets out a number of requirements which must be met – see ETASSUM24150.