Income Tax (Earnings and Pensions) Act 2003 Schedule 2 paragraph 11

No further conditions

Schedule 2 paragraph 11 prevents employers from imposing any conditions on an employee's participation in a share award under a Share Incentive Plan beyond those specifically required or permitted by Schedule 2 itself.

• Employers cannot add extra conditions to employee participation in share awards beyond what Schedule 2 allows
• Only conditions that are required or authorised by Schedule 2 may be applied
• This protects employees from being subject to arbitrary or additional restrictions on their involvement in the plan
• The rule ensures consistency and fairness across all Share Incentive Plans by limiting employer discretion over participation terms