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Amendment of section 128F of Principal Act (key employee engagement programme)
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11. (1) Section 128F of the Principal Act is amended—
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(a) in subsection (1), in the definition of “qualifying share option”, by substituting the following paragraph for paragraph (d):
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“(d) the total market value of all shares, in respect of which qualifying share options have been granted by the qualifying company to an employee or director, does not exceed—
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(i) €100,000 in any one year of assessment,
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(ii) €300,000 in all years of assessment, or
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(iii) the amount of annual emoluments of the qualifying individual in the year of assessment in which the qualifying share option is granted,”,
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and
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(b) in subsection (8), by substituting “The Revenue Commissioners may publish the following information in relation to all qualifying companies:” for all of the words from and including “A qualifying company” down to and including “all qualifying companies:”.
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(2) Subsection (1)(a) shall come into operation on such day as the Minister for Finance may appoint by order.
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