Share Options

Savings-Related Share Option Schemes and Unpaid Leave

Following a number of queries received, the Revenue Commissioners are prepared to accept that if, during a period of unpaid leave, an employee directs his or her contributions to the Savings Institution through the company payroll, then, paragraph 6 (d) of the Department of Finance, Specification for Certified Contractual Savings Schemes will continue to be complied with. This procedure will only apply so long as the participant remains an employee of the company, which established the scheme, or of a participating company.