Common use of Incentive Stock Option Program Clause in Contracts

Incentive Stock Option Program. Employee shall be entitled to participate in the incentive Stock Option Program of the Company's parent, Medley Credit Acceptance Corp. The number of incentive stock options distributable by the Company will be based upon the Company's annual net income as follows: If the Net Income of the Company is in excess of: $500,000 75,000 ISO's $1 million 100,000 ISO's $1.5 million 125,000 ISO's $2.0+ million 150,000 ISO's The Incentive Stock Option Program shall be funded with common shares of the C:ompany's parent Medley Credit Acceptance Corp., pursuant to the terms of that certain stock option plan for Medley Credit Acceptance Corp. dated December 31, 1996, as amended from time to time. The distribution of the ISO's to individual employees of the Company shall be determined by the Company's Leasing, Division Operating Committee composed of ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇

Incentive Stock Option Program. Employee shall be entitled to participate in the incentive Stock Option Program of the Company's parent, Medley Credit Acceptance Corp. The number of incentive stock options distributable by the Company will be based upon the Company's annual net income as follows: If the Net Income of the Company is in excess of: $500,000 75,000 ISO's $1 million 100,000 ISO's $1.5 million 125,000 ISO's $2.0+ million 150,000 ISO's The Incentive Stock Option Program shall be funded with common shares of the C:ompanyCompany's parent Medley Credit Acceptance Corp., pursuant to the terms of that certain stock option plan for Medley Credit Acceptance Corp. dated December 31, 1996, as amended from time to time. The distribution of the ISO's to individual employees of the Company shall be determined by the Company's Leasing, Division Operating Committee composed of ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇

Incentive Stock Option Program. Employee shall be entitled to participate in the incentive Stock Option Program of the Company's parent, Medley Credit Acceptance Corp. The number of incentive stock options distributable by the Company will be based upon the Company's annual net income as follows: If the Net Income of the Company is in excess of: $500,000 75,000 ISO's $1 million 100,000 ISO's $1.5 million 125,000 ISO's $2.0+ million 150,000 ISO's The Incentive Stock Option Program shall be funded with common shares of the C:ompany's parent Medley Credit Acceptance Corp., pursuant to the terms of that certain stock option plan for Medley Credit Acceptance Corp. dated December 31, 1996, as amended from time to time. The distribution of the ISO's to individual employees of the Company shall be determined by the Company's Leasing, Division Operating Committee composed of ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇.