Qualifying Gain definition
Qualifying Gain means the value accrued upon exercise of an Eligible Stock Option (i) using a Stock-for-Stock payment method and (ii) having an aggregate fair market value in excess of the total Stock purchase price necessary to exercise the option. In other words, the Qualifying Gain upon exercise of an Eligible Stock Option equals the total market value of the shares (or share equivalent units) acquired minus the total stock purchase price. For example, assume a Participant elects to defer the Qualifying Gain accrued upon exercise of an Eligible Stock Option to purchase 1000 shares of Stock at an exercise price of $20 per share, when Stock has a current fair market value of $25 per share. Using the Stock-for-Stock payment method, the Participant would deliver 800 shares of Stock (worth $20,000) to exercise the Eligible Stock Option and receive, in return, 800 shares of Stock plus a Qualifying Gain (in this case, in the form of an unfunded and unsecured promise to pay money or property in the future) equal to $5,000 (i.e., the current value of the remaining 200 shares of Stock).
Qualifying Gain means the net shares accrued on behalf of a Participant upon his or her exercise of Nonqualified Stock Options using the stock-for-stock cashless payment method set forth in Section 2.4.
Qualifying Gain means the gain realized from the sale of any asset which is a Wisconsin capital asset in the year it is purchased by the claimant and for at least 2 of the subsequent 4 years; that is purchased after December 31, 2010; that is held for at least 5 uninterrupted years; and that is treated as a long-term gain under the Internal Revenue Code; except that a qualifying gain may not include any amount for which the claimant deferred gain and claimed a subtraction under sec. 71.05(24)(b) or (26)(b), Wis. Stats. (See Item C.4 for information on the de- ferral of gain under sec. 71.05(26).)
More Definitions of Qualifying Gain
Qualifying Gain means the incremental value inuring to a Participant upon the exercise of an Eligible Stock Option, using a Stock-for-Stock payment method, during any Plan Year. For purposes of this section, the phrase "Stock-for-Stock payment method" shall, in all events, be limited to the Participant's delivery of a properly executed statement in which he or she attests to ownership of the number of shares required to exercise the Eligible Stock Option, rather than actual delivery of such shares. Such incremental value shall be deliverable to the Participant in the form of additional shares of Stock and shall be computed as follows: (i) the total fair market value of the shares of Stock held/acquired as a result of the exercise of an Eligible Stock Option using a Stock-for-Stock payment method, minus (ii) the total exercise price. For example, assume a Participant elects to exercise an Eligible Stock Option to purchase 1,000 shares of Stock at an exercise price of $20 per share (i.e., a total exercise price of $20,000), when the Stock has a current fair market value of $25 per share (i.e., a total current fair market value of $25,000) and elects to defer one hundred (100) percent of the Qualifying Gain (i.e., $5,000). Using the Stock-for-Stock payment method, the Participant would deliver a properly executed statement attesting to ownership of 800 shares of Stock (worth $20,000 at exercise) to exercise the Eligible Stock Option and would receive, in return, a Qualifying Gain, in the form of an unfunded and unsecured promise by the Company for 200 shares of Stock in the future (worth $5,000 at exercise). The number of additional shares of Stock deliverable to the Participant in the future as a result of the Qualifying Gain shall be fixed and determined as of the date of the exercise of the Eligible Stock Option using the closing price of the Stock as of the end of the business day closest to the date of such exercise.
Qualifying Gain means a long-term capital gain under the Internal Revenue Code realized from the sale of an investment made after December 31, 2010, and held for at least 5 uninterrupted years in a business that for the year of investment and at least 2 of the 4 subsequent years was a qualified Wisconsin business, except that a qualifying gain may not include any amount for which the claimant deferred gain under sec. 71.05(24) or (26), Wis. Stats.
Qualifying Gain means the shares, net of any shares withheld pursuant to Section 4.3, accrued on behalf of a Participant upon his or her exercise of Nonqualified Stock Options using the stock-for-stock cashless payment method set forth in Section 3.2(a).
Qualifying Gain means the incremental value inuring to a Participant upon the exercise of an Eligible Stock Option, and eligible to be deferred under the provisions of this Plan pursuant to procedures and guidelines established by the Committee.
Qualifying Gain means a long−term capital gain under the Internal Revenue Code realized from the sale of an investment made after December 31, 2010, and held for at least 5 uninter- rupted years in a business that for the year of investment and at least 2 of the 4 subsequent years was a qualified Wisconsin busi- ness; except that a qualifying gain may not include any amount for which the claimant claimed a subtraction under sub. (24) (b) or any gain described under sub. (26) (b) and may not exceed the fair market value of the investment on the date sold, less the fair mar- ket value of the investment on the date acquired.
Qualifying Gain means the value accrued upon exercise of a Stock Option in an amount equal to the excess of the total market value of the Shares subject to such exercise over the related option exercise price. For example, assume a Participant elects to defer the Qualifying Gain accrued upon exercise of a Stock Option to purchase 1000 Shares at an exercise price of $20 per share, when the Shares have a current fair market value of $25 per share. Using the stock-for-stock payment method, the Participant would deliver (or certify ownership of) 800 Shares (worth $20,000) to exercise the Stock Option and receive, in return, 800 Shares plus a Qualifying Gain (in this case, in the form of Stock Units) equal to $5,000 (i.e., the current value of the incremental 200 Shares).