Interpretation

1.

(1) For the purposes of this Schedule -

'approved' in relation to a scheme, means approved under paragraph 2;

'associated company' has the same meaning as in section 432;

'auditor', in relation to a company, means the person or persons appointed as auditor of the company for the purposes of the Companies Acts, 1963 to 1999, or under the law of the territory in which the company is incorporated and which corresponds to those Acts;

'control' has the same meaning as in section 432;

'full-time director', in relation to a company, means a director who is required to devote substantially the whole of his or her time to the service of the company;

'grantor' has the meaning given by paragraph 2(1);

'group scheme' has the meaning given by paragraph 2(3);

'key employee or director', in relation to a company, means an employee or a full-time director of the company whose specialist skills, qualifications and relevant experience are vital to the future success of the company and is so certified to the Revenue Commissioners by the company;

'market value' shall be construed in accordance with section 548;

'participating company', in relation to a group scheme, has the meaning given by paragraph 2(4);

'scheme shares' has the meaning given by paragraph 11;

'shares' includes stock.

(2) Section 10 shall apply for the purposes of this Schedule.