This Practice Note examines the implications of waiving or amending performance conditions in respect of subsisting share options and awards including those granted under tax-advantaged share plans such as enterprise management incentives (EMI) schemes, save as you earn (SAYE) schemes, company share option plans (CSOPs) and share incentive plans (SIPs). It looks at both the potential tax consequences in relation to tax advantaged plans of amending performance conditions of subsisting share options and awards as well as the contractual issues [which can arise in relation to all types of awards].