What must the election include?
A. An election must include the following: a. details of the security options, restricted or convertible securities to which it relates, or of the period within which the security options are to be granted or the restricted or convertible securities to which it relates are intended to be awarded. b. a statement that the election relates to any relevant employment income on which the earner is liable to pay contributions under: (i) in the case of securities options, section 476 of ITEPA 2003 and section 4(4)(a) of the Social Security Contributions and Benefits Act 1992; (ii) in the case of restricted securities, section 426 of ITEPA 2003 and Regulation 22(7) of the Social Security (Contributions) Regulations 2001; (iii) in the case of convertible securities, section 438 of ITEPA 2003 and Regulation 22(7) of the Social Security (Contributions) Regulations 2001 and an explanation of the effect of the relevant legislation. c. the amount or proportion (as the case may be) of the liability f
