3(i) Award definition

3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.
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3(i) Award means an Award which 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 Participant.
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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.
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Examples of 3(i) Award in a sentence

  • All references in this Agreement to Section 102 and the Trustee shall only apply in the event of a 102 Capital Gains Track Grant under this Agreement and shall not apply in the event of a 3(i) Award grant.

  • The Company hereby grants the Optionee a 3(i) Award Stock Option (the “Option”) to purchase up to the number of shares of Common Stock (the “Shares”) set forth in Exhibit A hereto at the exercise price per Share (the “Exercise Price”) set forth in Exhibit A, subject to the terms and conditions set forth herein and the provisions of the Plan, the terms of which are incorporated herein by reference.

  • Each Israeli Award Agreement shall be subject to Section 102 or Section 3(i) of the Ordinance, as applicable, and shall state, inter alia, the number of Shares to which the Award relates, the type of Award granted thereunder (whether a CGA, OIA, Unapproved 102 Award or a 3(i) Award), and any applicable vesting provisions and exercise price that may be payable.

  • 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.

  • 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.


More Definitions of 3(i) Award

3(i) Award means an Award that is subject to taxation pursuant to Section 3(i) of the ITO which has been granted under this Sub-Plan to any person who is NOT an Eligible 102 Participant.
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3(i) Award means Awards that do not contain such terms as will qualify under Section 102 of the Tax Ordinance.
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3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance.
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3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to an Unapproved Israeli Participant.
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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.
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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.
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3(i) Award means any Award granted to any Participant who is not an Employee pursuant to Section 3(i) of the Ordinance.
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