Taxation Route definition
Taxation Route means each of the Ordinary Income Route or the Capital Gains Route.
Taxation Route means the capital gains route under Section 102(b)(2) of the Ordinance.
Taxation Route means each of the Ordinary Income Route or the Capital Gains Route. “Tax Ordinance” means the Israeli Income Tax Ordinance [New Version], 1961, as amended.
Examples of Taxation Route in a sentence
Notwithstanding anything to the contrary, the Shares shall only be granted after fulfillment of any procedure required by Section 102 of the Ordinance with regard to grants made under the Plan and in accordance with the Taxation Route.
More Definitions of Taxation Route
Taxation Route means each of the Ordinary Income Route or the Capital Gains Route. “Tax Ordinance” means the Israeli Income Tax Ordinance [New Version], 1961, as amended. “Trust” means the holding of an Award or Exercised Share by the Trustee in Trust for the benefit of the Beneficial Grantee, pursuant to the instructions of a Taxation Route. “Trustee” means a trustee designated by the Administrator in accordance with the provisions of Section 3 below and, with respect to 102 Awards, approved by the Israeli Tax Authorities. 3. Administration: 3.1 The Administrator has elected the Capital Gains Route for grants of 102 Awards pursuant to the provisions of Section 102 of the Ordinance and the applicable regulations. 3.2 Subject to the general terms and conditions of the Plan, the Tax Ordinance, and any other applicable laws and regulations, the Administrator shall have the full authority in its discretion, from time to time, to determine with respect to grants of 102 Awards –the identity of the trustee who shall be granted such 102 Awards in accordance with the provisions of the Plan and the then prevailing Taxation Route. 3.3 Notwithstanding the aforesaid, the Administrator may, from time to time, grant 102(c) Awards. 4. Grant of Awards and Issuance of Shares: