Section 102 Tax Qualification Clause Samples

Section 102 Tax Qualification. All of the Shares granted to the Employee shall be granted under the Capital Gains Route of Section 102 of the Israeli Income Tax Ordinance [New Version], 1961 (“Capital Gains Route”). All of the Shares granted to the Employee shall be deposited with the trustee appointed as trustee for the purposes of the Capital Gains Route (the “102 Trustee”).