Examples of 3(i) Award in a sentence

The Award Agreement or other documents evidencing the Awards granted pursuant to this Sub-Plan shall indicate whether the grant is a 102 Trustee Award, a Non-Trustee Award, or a 3(i) Award, and if the grant is a 102 Trustee Award, whether it is a 102 Capital Gains Award or a 102 Ordinary Income Award and the details of the Trustee appointed.
In the event that the requirements under Section 102 to qualify an Award as a 102 Trustee Award are not met, then the Award may be treated as a 102 Non-Trustee Award or 3(i) Award (as determined by the Company), all in accordance with the provisions of the ITO.

More Definitions of 3(i) Award

3(i) Award means a grant of an Option or RSU to an Israeli consultant, contractor or a Controlling Shareholder of the Company pursuant to the provisions of Section 3(i) of the Tax Ordinance and the rules and regulations promulgated thereunder, or any other section of the Tax Ordinance that will be relevant for such issuance in the future.

3(i) Award means Awards that do not contain such terms as will qualify under Section 102 of the Tax Ordinance.

3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance.

3(i) Award means any Award representing a right to purchase shares of Common Stock granted by the Company to any Participant who is not an Employee pursuant to Section 3(i) of the Ordinance.

3(i) Award means an Award that is subject to taxation pursuant to Section 3(i) of the ITO which has been granted to any individual or entity that is NOT an Israeli Employee.

3(i) Award means an Option that is subject to taxation pursuant to Section 3(i) of the ITO which has been granted to any person who is NOT an Eligible 102 Holder