Common use of Israeli Tax Ordinance Clause in Contracts

Israeli Tax Ordinance. a. The Company has designated the Awarded Shares as Approved 102 Incentives (i.e. shares of Common Stock issued pursuant to Section 102(b) of the Ordinance) and held in trust by a trustee for the benefit of the Participant), and has classified them as Capital Gain Incentives that qualify for tax treatment in accordance with the provisions of Section 102(b)(3) of the Ordinance.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (InspireMD, Inc.), Restricted Stock Award Agreement (InspireMD, Inc.)

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Israeli Tax Ordinance. a. The Company has designated the Awarded Shares as Approved 102 Incentives (i.e. shares of Common Stock issued pursuant to Section 102(b) of the Ordinance) and held in trust by a trustee for the benefit of the Participant), and has classified them as Capital Gain Incentives that qualify for tax treatment in accordance with the provisions of Section 102(b)(3) of the Ordinance.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Luzon Ronen)

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Israeli Tax Ordinance. a. The Company has designated the Awarded Shares as Approved 102 Incentives (i.e. shares of Common Stock issued pursuant to Section 102(b) of the Ordinance) and held in trust by a trustee for the benefit of the Participant), and has classified them as Capital Gain Incentives that qualify for tax treatment in accordance with the provisions of Section 102(b)(3102(b)(2) of the Ordinance.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (InspireMD, Inc.)

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