Capital Gain Option definition

Capital Gain Option or “CGO” means an Approved 102 Option elected and designated by the Company to qualify under the capital gain tax treatment in accordance with the provisions of Section 102(b)(2) of the Ordinance.
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Capital Gain Option means a Trustee 102 Option intended to qualify under the capital gain tax treatment in accordance with the provisions of Section 102(b)(2) of the Ordinance.
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Capital Gain Option. (CGO)" as defined in Section 5.4 below.
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Examples of Capital Gain Option in a sentence

  • Capital Gain Option A resident may also select the Capital Gain Option.

  • Without derogating from the definition of Fair Market Value in the Plan and solely for the purpose of determining the tax liability with respect to the grant of Capital Gain Option Through a Trustee pursuant to Section 102, the Fair Marker Value of the Common Shares on the date of grant shall be equal to the average value of the Company’s Common Shares on the thirty (30) trading days preceding the date of grant, all in accordance with the provisions of Section 102(b)(3) of the Tax Ordinance.

  • Name of the Optionee: Xxx Xxxxxx 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 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.

  • Activities in 2012 was summarized in a newsletter and distributed to members of CDRM.

  • The company will apply to the ITA for approval of the Plan, the Sub-Plan and the Trustee.3.4 Approved 102 Option may either be classified as Capital Gain Option (CGO) or Ordinary Income Option (OIO).3.5 The Company shall choose only one tax route for the Plan.

  • 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.

  • Capital Gain Option: Exit fee is based on the ingoing contribution paid by the next resident, 7% for year 1 of residency, plus 3.5% subsequent years of residency, capped to a maximum of 35%.

  • 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.

  • The Company’s election of the type of Approved 102 Options as Capital Gain Option or Ordinary Income Option granted hereunder (the “Election”), shall be appropriately filed with the ITA before the grant of an Approved 102 Option.


More Definitions of Capital Gain Option

Capital Gain Option or “CGO” means a grant to an Israeli Eligible Person of an Option which the Company elects and designates to qualify for capital gain tax treatment in accordance with the provisions of Section 102(b)(2) of the Ordinance.
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Capital Gain Option. OR "CGO" shall have the meaning set forth in Section 5.3 below.
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Related to Capital Gain Option

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

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Rollover Option has the meaning set forth in Section 2.4(a).

  • LTIP Unit means a Limited Partnership Interest which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.4 hereof and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth on Exhibit A, as may be amended from time to time.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Incentive Distribution Right means a Limited Partner Interest having the rights and obligations specified with respect to Incentive Distribution Rights in this Agreement (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest).

  • Free-Standing Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option Right.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

  • Vesting Event means the earliest to occur of the following events:

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Awarded Stock means the Common Stock subject to an Award.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • NQSO means any Option that is not an ISO.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Option Grant Date means, as to any Stock Option, the latest of: