ETASSUM44320 - Schedule 4 Company Share Option Plan (CSOP): Requirements relating to options: For injury
Although the term 鈥榠njury鈥� is not defined in legislation, it is one of the four good leaver terms within section 524(2B)(a)(i) ITEPA that allows for tax relief provided that exercise occurs within 6 months of cessation for this reason. As the term is not defined it is for the company to determine whether or not cessation has occurred for this reason; scheme rules will generally state that it is for the board to determine that cessation has occurred due to injury.