Strangely, I dont have this option..
Like I said, the option is just there if the driver supports WDDM 2.4. So if you dont have a newer or latest Intel driver with device which supports it, the option is not there.
Still to memory leak anymore for me! The leak is totally gone since I deactivated Hardware-accelerated GPU scheduling.
You can also disable it via regedit:
HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Control\GraphicsDrivers
dword32 "HwSchMode"
1 = disabled
2 = enabled
Option wont be there, again, if you dont use a WDDM 2.4 driver and at least 20H1.
Download latest from https://downloadcenter.intel.com/download/30266/Intel-Graphics-Windows-10-DCH-Drivers and then see if the option is there, and toggle it on and OFF again reboot.