Section 1005 — Corporation Tax Act 2009: Other definitions

Other definitions 1005 In this Part— “ convertible securities ” has the same meaning as in Chapter 3 of Part 7 of ITEPA 2003 (see section 436 of that Act), “ convertible shares ” means shares that are— convertible securities, or an interest in convertible securities, “ the employee ” has the meaning given by section 1007(1)(a) or 1015(1)(a) (as the case may be) (see also sections 1025A(7) and 1030A(8)) , ... “ the employing company ” has the meaning given by section 1007(1) or 1015(1) (as the case may be), “ listed company ” means a company— whose shares are listed on a recognised stock exchange, and which is neither a close company nor a company that would be a close company if it were UK resident, “ market value ” has the same meaning as in TCGA 1992 (see sections 272 and 273 of that Act), “ option ” includes any right to acquire shares, “ ordinary shares ” means shares forming part of a company's ordinary share capital, “ the qualifying business ” has the meaning given by section 1007(1)(b) , 1015(1)(b), 1025A(1)(d)(i) or 1030A(1)(d)(ii) (as the case may be), “ the recipient ” has the meaning given by section 1007(1) or 1015(1) (as the case may be), “ the relevant employment ” has the meaning given by section 1007(1)(b) or 1015(1)(b) (as the case may be), and “ restricted shares ” means shares that are— restricted securities, or a restricted interest in securities, for the purposes of Chapter 2 of Part 7 of ITEPA 2003 (see sections 423 and 424 of that Act).