Capital Gain Option definition
Examples of Capital Gain Option in a sentence
Name of the Optionee: ▇▇▇ ▇▇▇▇▇▇ Date of Grant: March 22, 2016 Designation: (Please check the relevant box) ☒ 102 Option - Capital Gain Option (CGO) ☐ 3(i) Option ☐ other Number of Options granted: 150,000 Exercise Price: NIS 1.011 Vesting Dates: The Option shall vest over a three (3) year period, on a quarterly basis, such that 1/12 Shares shall vest upon the end of each quarter commencing on the Date of Grant.
The Shares will be held by the Trustee for at least the appropriate holding period required under Section 102(b)(2) of the Israeli Income Tax Ordinance (Capital Gain Option Through a Trustee).
The Plan will comply with the provisions of Section 102(b)(2) of the Israeli Income Tax Ordinance (Capital Gain Option Through a Trustee) and any rules and regulations promulgated thereunder including the Income Tax Rules (Tax Relief upon the Allotment of Shares to Employees), 2003.
Exhibit A WhiteSmoke 2006 Employee Share Option Plan Exhibit B Terms of the Option Proxy Designation: ¨ Approved 102 Share: Capital Gain Option (CGO) x;or ¨ Unapproved 102 Option ¨ 3(i) Option Number of Shares granted: 205,704 205,704 Equal monthly portions of 11,428 Shares each, vested over a period 18 months commencing on June 30, 2009, each portion vested on the last day of the relevant calendar month.
Execution Copy Exhibit A WhiteSmoke 2006 Employee Share Option Plan Exhibit B Terms of the Option Proxy Execution Copy Designation: ¨ Approved 102 Share: Capital Gain Option (CGO) x;or Ordinary Income Option (OIO) ¨ ¨ Unapproved 102 Option ¨ 3(i) Option Number of Shares granted: 68,568 205,704 Equal monthly portions of 11,428 Shares each, vested over a period 18 months commencing on June 30, 2009, each portion vested on the last day of the relevant calendar month.