Q&As

Is it possible, subject to anything contrary in the scheme rules, for a participant in an SAYE scheme to withdraw their savings but still exercise their option within six months of the maturity date?

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Published on LexisPSL on 19/07/2017

The following Share Incentives Q&A provides comprehensive and up to date legal information covering:

  • Is it possible, subject to anything contrary in the scheme rules, for a participant in an SAYE scheme to withdraw their savings but still exercise their option within six months of the maturity date?

Is it possible, subject to anything contrary in the scheme rules, for a participant in an SAYE scheme to withdraw their savings but still exercise their option within six months of the maturity date?

In these circumstances, the rules of the relevant save as you earn (SAYE) scheme should be carefully checked to ensure that there is no provision which causes the option to lapse at the point that the savings are withdrawn. However, assuming that the option holder is still an employee of the company, it should be noted that SAYE options are more typically

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