Ordinary Income Option definition

Ordinary Income Option or “OIO” means an Approved 102 Option elected and designated by the Company to qualify under the ordinary income tax treatment in accordance with the provisions of Section 102(b)(1) of the Ordinance.
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Ordinary Income Option means a Trustee 102 Option intended to qualify under the ordinary income tax treatment in accordance with the provisions of Section 102(b)(1) of the Ordinance.
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Ordinary Income Option. (OIO)" as defined in Section 5.5 below.
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Examples of Ordinary Income Option in a sentence

  • Each Option Agreement shall state, among other matters, the number of shares of Stock to which the Option relates, the type of Option granted thereunder (whether a Capital Gains Option, Ordinary Income Option, Unapproved 102 Option, 3(i) Option, Incentive Option or Nonqualified Option), the Vesting Dates, the exercise price per share, the expiration date and such other terms and conditions as the Committee in its discretion may prescribe, provided that they are consistent with this Plan.

  • An Approved 102 Option may either be classified as a Capital Gain Option or an Ordinary Income Option.

  • 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.

  • No Section 102 Trustee Options may be granted under this Plan to any eligible Optionee, unless and until, the Company's election of the type of Section 102 Trustee Options either as Ordinary Income Option Through a Trustee or as Capital Gain Option Through a Trustee is appropriately filed with the Income Tax Authorities.

  • Each option agreement shall state the type of Option granted thereunder (whether a Capital Gains Option, Ordinary Income Option, Unapproved 102 Option, or a 3(i) Option).

  • 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.

  • 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.

  • Ordinary Income Option which means an Approved 102 Option elected and designated by the Company to qualify under the ordinary income tax treatment in accordance with the provisions of Section 102(b)(1) of the Ordinance.

  • Each Option Agreement shall state, inter alia, the number of Shares to which the Option relates, the type of Option granted thereunder (whether Capital Gains Option, Ordinary Income Option, Unapproved 102 Option or 3(i) Option), the vesting provisions and the exercise price.


More Definitions of Ordinary Income Option

Ordinary Income Option or “OIO” means a grant to an Israeli Eligible Person of an Option which the Company elects and designates to qualify for ordinary income tax treatment in accordance with the provisions of Section 102(b)(1) of the Ordinance.
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Ordinary Income Option. OR "OIO" shall have the meaning set forth in Section 5.4 below.
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Related to Ordinary Income Option

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of immediately prior to the Effective Time or will vest solely as a result of the consummation of the Merger.

  • Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

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

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Nonqualifying Income means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • 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.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Non-Qualified Stock Option means any Stock Option that is not an Incentive Stock Option.

  • Employee Option means an Option granted pursuant to Section 5.

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Company Equity Incentive Plan means the Company’s omnibus equity plan, last approved by Company Shareholders on November 6, 2018 and as proposed to be amended at the Company’s May 7, 2019 shareholders’ meeting.

  • non-equity incentive plan means an incentive plan or portion of an incentive plan that is not an equity incentive plan;

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Parent Equity Awards means Parent Options, Parent DSU Awards and Parent PSU Awards.

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

  • Company Equity Awards means the Company RSU Awards and the Company PSU Awards.

  • Non-Qualified Option means an Option that is not an Incentive Stock Option.

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Director Option means an Option granted pursuant to Section 6.