ERSM20390 - Employment-related Securities and Options

Negative amounts treated as nil

If the result given by any formula in the following Chapters is a negative number it is taken to be nil instead (ITEPA03/S419).

• Chapter 2 (restricted securities)
• Chapter 3 (convertible securities)
• Chapter 3A (securities with artificially depressed market value)
• Chapter 3B (securities with artificially enhanced market value)
• Chapter 3C (securities acquired for less than market value)
• Chapter 3D (securities disposed of for more than market value)
• Chapter 5 (securities options)