Practical Law UK Glossary 1-107-5956 (Approx. 4 pages)
Glossary
Company share option plan (CSOP)
A type of discretionary share option plan under which selected employees may be granted tax-advantaged share options. Qualifying requirements for companies wishing to establish a CSOP are specified in Schedule 4 to the Income Tax (Earnings and Pensions) Act 2003, and there are limits on the number of CSOP options individual employees can be granted.