Section 102 Options definition

Section 102 Options means Company Options granted and subject to Taxes pursuant to Section 102(b)(2) of the Ordinance.

Section 102 Options means Company Options subject to Tax in accordance with Section 102(b)(2) and (3) of the ITO.

Section 102 Options means Company Options granted and subject to tax under Section 102(b)(2) or 102(b)(3) (if applicable) of the Israeli Tax Ordinance.

Examples of Section 102 Options in a sentence

• Section 102 Options may be granted only to Israeli Participants who are Employees.

• Notwithstanding anything to the contrary in this Agreement, any Purchaser’s RSU that substitute any Section 102 Options shall be deposited with the Section 102 trustee of the RSU Plan to be held and released in accordance with the provisions of Section 102 of the Ordinance, the Israeli Option Tax Ruling or the Interim Option Ruling.

• At or prior to the Effective Time, Parent shall transfer or cause to be transferred (including cause the Surviving Company to transfer) (i) the aggregate Option Consideration with respect to Section 102 Options, and (ii) the Merger Consideration payable in respect of Section 102 Shares, to the Section 102 Trustee, on behalf of holders of Section 102 Securities, in accordance with Section 102 and the Option Tax Ruling, if obtained (the “102 Amounts”).

• At or prior to the Effective Time, Parent shall transfer or cause to be transferred (including cause the Surviving Company to transfer) an amount equal to the Option Consideration with respect to Company Options, other than Section 102 Options, to the Paying Agent on behalf of holders of such Company Options.

• The persons eligible for participation in the Option Plan as Optionees shall include any Employees and Non-Employees of the Company or of any Affiliate provided, however, that (i) Employees may only be granted Section 102 Options; (ii) Non-Employees may only be granted Section 3(i) Options; and (iii) Controlling Shareholders may only be granted Section 3(i) Options.

More Definitions of Section 102 Options

Section 102 Options means Options that were purported to be granted and taxed pursuant to Section 102(b)(2) of the Israeli Tax Ordinance.

Section 102 Options means Enlivex Options that were granted pursuant to the provisions of Section 102(b)(2) of the Israeli Tax Ordinance.

Section 102 Options means Stock Options granted pursuant to Section 102 of the Income Tax Ordinance and held in trust by the Section 102 Trustee.

Section 102 Options means vested Company Options granted and subject to tax under Section 102(b)(2) of the Israeli Tax Ordinance.

Section 102 Options means NDX Options that were granted pursuant to the provisions of Section 102(b)(2) of the Israeli Tax Ordinance.

Section 102 Options means Company Options granted and subject to Taxes pursuant to Section 102(b)(2) of the Ordinance. “Section 102 Securities” shall mean Section 102 Shares and Section 102 Options.

Section 102 Options means Option granted under the Section 102 tax track or shares of the Company issued as a result of the exercise of such Section 102 Options.