SolvedETASSUM24740 | Schedule 2 share incentive plan (SIP): Types of award: Dividend shares: Paragraph 65: General requirements
From HM Revenue & Customs · Employee Tax Advantaged Share Scheme User Manual
The shares allocated by Schedule 2 SIP trustees as dividend shares must be of the same class and carry the same rights as the shares on which the dividends were paid. Dividend shares must not be subject to any provision for forfeiture (paragraph 65), although they may be subject to buy back provisions in accordance with paragraph 65(2) (refer to ETASSUM24750).