Common use of Types of Awards Clause in Contracts

Types of Awards. The Plan is intended to enable the Company to issue Awards under varying tax regimes, including, without limitation: (i) pursuant and subject to the provisions of Section 102 of the Israeli Income Tax Ordinance (New Version) 1961, as amended from time to time (the “Ordinance”) and any regulations, rules, orders or procedures promulgated thereunder, including without limitation the Income Tax Rules (Tax Benefits in Stock Issuance to Employees) 5763-2003 (the “Rules”) or such other rules published by the Income Tax Authorities (the “ITA”) (such Awards, “102 Awards”). 102 Awards may either be granted to a Trustee or without a trustee; (ii) pursuant to Section 3(9) of the Ordinance (such Awards, “3(9) Awards”); (iii) Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted United States federal tax statute, as amended from time to time, to be granted to Service Providers who are deemed to be residents of the U.S. for purposes of taxation; (iv) Nonqualified Stock Options to be granted to Service Providers who are deemed to be residents of the U.S. for purposes of taxation; and (v) other stock-based Awards pursuant to Section ‎12 hereof. In addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, the Plan contemplates issuances to Grantees in other jurisdictions with respect to which the Committee is empowered to make the requisite adjustments in the Plan and set forth the relevant conditions in the Company’s agreement with the Grantee in order to comply with the requirements of the tax regimes in any such jurisdictions. The Plan contemplates the issuance of Awards by the Company, both as a private company and as a publicly traded company.

Appears in 2 contracts

Samples: 2007 Share Incentive Plan (Lumenis LTD), 2007 Share Incentive Plan (Lumenis LTD)

AutoNDA by SimpleDocs

Types of Awards. The This Plan is intended to enable the Company to issue Awards under varying various tax regimes, including, without limitation: (i) pursuant and subject to the provisions of Section 102 of the Israeli Income Tax Ordinance (New Version) 1961or the corresponding provision of any subsequently enacted statute, as amended from time to time time), and all regulations and interpretations adopted by any competent authority, including the Israeli Income Tax Authority (the “OrdinanceITA) and any regulations, rules, orders or procedures promulgated thereunder), including without limitation the Income Tax Rules (Tax Benefits in Stock Issuance to Employees) 5763-2003 or such other rules so adopted from time to time (the “Rules”) or such other rules published by the Income Tax Authorities (the “ITA”) (such AwardsAwards that are intended to be (as set forth in the Award Agreement) and which qualify as such under Section 102 of the Ordinance and the Rules, “102 Awards”). 102 Awards may either be granted to a Trustee or without a trustee; (ii) pursuant to Section 3(9) of the Ordinance or the corresponding provision of any subsequently enacted statute, as amended from time to time (such Awards, “3(9) Awards”); (iii) Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted United States federal tax statute, as amended from time to time, to be granted to Service Providers Employees who are deemed to be residents of the U.S. United States, for purposes of taxation;, or are otherwise subject to U.S. Federal income tax (such Awards that are intended to be (as set forth in the Award Agreement) and which qualify as an incentive stock option within the meaning of Section 422(b) of the Code, “Incentive Stock Options”); and (iv) Nonqualified Awards not intended to be (as set forth in the Award Agreement) or which do not qualify as an Incentive Stock Options Option to be granted to Service Providers who are deemed to be residents of the U.S. United States for purposes of taxation; and , or are otherwise subject to U.S. Federal income tax (v) other stock-based Awards pursuant to Section ‎12 hereof“Nonqualified Stock Options”). In addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, and without derogating from the generality of Section ‎25, this Plan contemplates issuances to Grantees in other jurisdictions or under other tax regimes with respect to which the Committee is empowered empowered, but is not required, to make the requisite adjustments in the this Plan and set forth the relevant conditions in an appendix to this Plan or in the Company’s agreement with the Grantee in order to comply with the requirements of the such other tax regimes in any such jurisdictions. The Plan contemplates the issuance of Awards by the Company, both as a private company and as a publicly traded companyregimes.

Appears in 2 contracts

Samples: Polyrize Security Ltd. 2019 Share Incentive Plan Amendment (Varonis Systems Inc), 2014 Share Incentive Plan (CyberArk Software Ltd.)

Types of Awards. The Plan is intended to enable the Company to issue Awards under varying tax regimes, including, without limitation: (i) pursuant and subject to the provisions of Section 102 of the Israeli Income Tax Ordinance (New Version) 1961, as amended from time to time (the “Ordinance”) and any regulations, rules, orders or procedures promulgated thereunder, including without limitation the Income Tax Rules (Tax Benefits in Stock Issuance to Employees) 5763-2003 (the “Rules”) or such other rules published by the Israeli Income Tax Authorities (the “ITA”) (such Awards, “102 Awards”). 102 Awards may either be granted to a Trustee or without a trustee; (ii) pursuant to Section 3(9) of the Ordinance (such Awards, “3(9) Awards”); (iii) Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted United States federal tax statute, as amended from time to time, to be granted to Service Providers who are deemed to be residents of the U.S. for purposes of taxation; (iv) Nonqualified Stock Options to be granted to Service Providers who are deemed to be residents of the U.S. for purposes of taxation; (v) Restricted Share Awards pursuant to Section 11 hereof; (vi) Restricted Share Unit Awards pursuant to Section 12 hereof; and (vvii) other stockshare-based Awards pursuant to Section ‎12 13 hereof. In addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, the Plan contemplates issuances to Grantees in other jurisdictions with respect to which the Committee is empowered to make the requisite adjustments in the Plan and set forth the relevant conditions in the Company’s agreement with the Grantee in order to comply with the requirements of the tax regimes in any such jurisdictions. The Plan contemplates the issuance of Awards by the Company, both as a private company and as a publicly traded company.

Appears in 1 contract

Samples: Share Incentive Plan (Compugen LTD)

Types of Awards. The This Plan is intended to enable the Company to issue Awards under varying various tax regimes, including, without limitation: : (i) pursuant and subject to the provisions of Section 102 of the Israeli Income Tax Ordinance (New Version) 1961or the corresponding provision of any subsequently enacted statute, as amended from time to time time), and all regulations and interpretations adopted by any competent authority, including the Israeli Income Tax Authority (the “OrdinanceITA) and any regulations, rules, orders or procedures promulgated thereunder), including without limitation the Income Tax Rules (Tax Benefits in Stock Issuance to Employees) 5763-2003 or such other rules so adopted from time to time (the “Rules”) or such other rules published by the Income Tax Authorities (the “ITA”) (such AwardsAwards that are intended to be (as set forth in the Award Agreement) and which qualify as such under Section 102 of the Ordinance and the Rules, “102 Awards”). 102 Awards may either be granted to a Trustee or without a trustee; ; (ii) pursuant to Section 3(9) of the Ordinance or the corresponding provision of any subsequently enacted statute, as amended from time to time (such Awards, “3(9) Awards”); ; (iii) Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted United States federal tax statute, as amended from time to time, to be granted to Service Providers Employees who are deemed to be residents of the U.S. United States, for purposes of taxation; , or are otherwise subject to U.S. Federal income tax (such Awards that are intended to be (as set forth in the Award Agreement) and which qualify as an incentive stock option within the meaning of Section 422(b) of the Code, “Incentive Stock Options”); and (iv) Nonqualified Awards not intended to be (as set forth in the Award Agreement) or which do not qualify as an Incentive Stock Options Option to be granted to Service Providers who are deemed to be residents of the U.S. United States for purposes of taxation; and , or are otherwise subject to U.S. Federal income tax (v) other stock-based Awards pursuant to Section ‎12 hereof“Nonqualified Stock Options”). - 1 - In addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, and without derogating from the generality of Section ‎25, this Plan contemplates issuances to Grantees in other jurisdictions or under other tax regimes with respect to which the Committee is empowered empowered, but is not required, to make the requisite adjustments in the this Plan and set forth the relevant conditions in an appendix to this Plan or in the Company’s agreement with the Grantee in order to comply with the requirements of the such other tax regimes in any such jurisdictions. The Plan contemplates the issuance of Awards by the Company, both as a private company and as a publicly traded companyregimes.

Appears in 1 contract

Samples: 2014 Share Incentive Plan

AutoNDA by SimpleDocs

Types of Awards. The Plan is intended to enable the Company to issue Awards under varying tax regimes, including, without limitation: (i) pursuant and subject to the provisions of Section 102 of the Israeli Income Tax Ordinance (New Version) 1961, as amended from time to time (the “Ordinance”) and any regulations, rules, orders or procedures promulgated thereunder, including without limitation the Income Tax Rules (Tax Benefits in Stock Issuance to Employees) 5763-2003 (the “Rules”) or such other rules published by the Israeli Income Tax Authorities (the “ITA”) (such Awards, “102 Awards”). 102 Awards may either be granted to a Trustee or without a trustee; (ii) pursuant to Section 3(9) of the Ordinance (such Awards, “3(9) Awards”); (iii) Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted United States federal tax statute, as amended from time to time, to be granted to Service Providers who are deemed to be residents of the U.S. for purposes of taxation; (iv) Nonqualified Stock Options to be granted to Service Providers who are deemed to be residents of the U.S. for purposes of taxation; (v) Restricted Share Awards pursuant to Section 11 hereof; (vi) Restricted Share Unit Awards pursuant to Section 12 hereof; and (vvii) other stockshare-based Awards pursuant to Section ‎12 ‎13 hereof. In addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, the Plan contemplates issuances to Grantees in other jurisdictions with respect to which the Committee is empowered to make the requisite adjustments in the Plan and set forth the relevant conditions in the Company’s agreement with the Grantee in order to comply with the requirements of the tax regimes in any such jurisdictions. The Plan contemplates the issuance of Awards by the Company, both as a private company and as a publicly traded company.

Appears in 1 contract

Samples: 2010 Share Incentive Plan (Compugen LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!