Section 522 | Share options to which this Chapter applies

(1)This Chapter applies to a share option granted to an individual—

(a)in accordance with the provisions of a Schedule 4 CSOP scheme, and^F1

(b)by reason of the individual’s office or employment as a director or employee of a company.

(2)The individual may be a director or employee of the company whose shares are the subject of the share option, or of some other company.