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)