102 Option definition

102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.

102 Option means an Award (other than a SAR, a RSU or any other Award settled in cash) granted under Section 102.

102 Option means any Option granted to Employees in accordance with and subject to Section 102 of the Ordinance.

Examples of 102 Option in a sentence

• Each Option Agreement shall specifically state the type of Option granted thereunder and whether it constitutes an Incentive Stock Option, Nonqualified Stock Option, 102 Option Award and the relevant track, 3(9) Option Award, or otherwise.

• Each Option Agreement shall specifically state the type of Option granted thereunder and whether it constitutes an Incentive Stock Option, Nonqualified Stock Option, 102 Option Award and the relevant track, 3(9) Option Award, and/or otherwise.

• Each Grant Notification Letter shall state, inter alia, the number of Shares to which the Option relates, the type of Option granted thereunder (whether a CGO, OIO, Unapproved 102 Option or a 3(i) Option), the vesting provisions and the Purchase Price.

• Notwithstanding the foregoing, the relevant number of Shares shall be delivered to the Grantee or, in the case of Approved 102 Option, to the Trustee no later than March 15th of the year following the calendar year in which the Award vests.

• Immediately thereafter, or as soon as administratively feasible, the Company will deliver the appropriate number of Shares to the Grantee after satisfaction of any required tax or other withholding obligations, or, in the case of Approved 102 Option, to the Trustee.

More Definitions of 102 Option

102 Option means an Option granted under the rules of Section 102 of the Ordinance, as amended, or any law or regulations, which shall replace Section 102.

102 Option means Award granted under Section 102.

102 Option means an Option intended to qualify under Section 102 of the Ordinance.

102 Option means any Option granted pursuant to Section 102.

102 Option. - means an Option that the Board intends to be a “102 Option” which shall only be granted to Employees, and shall be subject to and construed consistently with the requirements of Section 102 of the Ordinance. Approved 102 Options may either be classified as Capital Gains Track Options (CGTO) or Ordinary Income Track Options (OITO). 102 Options may either be granted to a Trustee or without a Trustee.

102 Option means any Option granted pursuant to Section 102 of the Ordinance to any person who is an Employee.

102 Option. – means an Option that the Board intends to be a "102 Option" which shall only be granted to employees resident in the State of Israel who are not Ten Percent Members, and shall be subject to and construed consistently with the requirements of Section 102 of the Tax Ordinance. The Company shall have no liability to an Optionee, or to any other party, if an Option (or any part thereof), which is intended to be a 102 Option, is not a 102 Option. Approved 102 Options may either be classified as Capital Gain Options ("CGO") or Ordinary Income Options ("OIO").