Section 102 Option definition

Section 102 Option means any Company Option that was granted pursuant to Section 102(b)(2) and, where applicable, Section 102(b)(3) of the ITO and held in trust by the Section 102 Trustee.

Section 102 Option means any Company Option that was granted pursuant to Section 102(b) of the Ordinance.

Section 102 Option means any Company Option that was intended to be granted pursuant to and is subject to Section 102(b)(2) of the Israeli Income Tax Ordinance.

Examples of Section 102 Option in a sentence

• Subject to the following restrictions, Parent shall procure that the 102 Trustee and the applicable Company’s foreign subsidiaries shall pay the Section 102 Option Consideration and the Non-Section 102 Option Consideration to the relevant holder of the Company Options as soon as practicable, unless the relevant holder of Company Options instructs or agrees otherwise.

• Without derogating from the generality of the foregoing, with respect to Converted Options substituting any Company Option that is a Section 102 Option, consistent with the terms of the Israeli Option Tax Ruling (i) such Converted Options shall continue to be classified under the same tax arrangement and (ii) such Converted Options shall be deposited with the Section 102 Trustee in accordance with the provisions of Section 102 and the Israeli Option Tax Ruling.

• If HECO terminates this Contract pursuant to this Section 10.2 (Option to Terminate), then this Contract shall be of no further force and effect and the Parties shall each be relieved of any and all further obligations to each other, save and except for any obligations and liabilities incurred by a Party prior to the date of termination.

• Section 10.2. Option to Purchase Project Prior to Payment of the Bonds.....................................

• The Stock Option Agreement shall also specify whether the Option is an ISO or a Nonstatutory Option or a Section 102 Option or a Section 3(i) Option.

More Definitions of Section 102 Option

Section 102 Option means a Company Option granted subject to Section 102(b)(2) of the Israeli Code and intending to qualify under the “capital gains track” set forth therein.

Section 102 Option means a Company Option granted under Section 102(b)(2) of the Ordinance. “Section 102 Securities” means Section 102 Options and Section 102 Shares.

Section 102 Option means an Option containing such terms as will qualify such Option for the special tax treatment under Section 102 of the Tax Ordinance.

Section 102 Option means an Option granted to an Eligible Employee and intended to qualify under Section 102.

Section 102 Option means any Company Option that was granted pursuant to Section 102 of the ITO.

Section 102 Option means any Company Option that was intended to be granted pursuant to and is subject to Section 102(b)(2) of the Israeli Income Tax Ordinance. “Section 102 Shares” mean any Ordinary Shares that were issued upon exercise of Section 102 Options.

Section 102 Option means any Option granted to an Employee pursuant to Section 102 of the Ordinance.