102 Option definition

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

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102 Option means an Award (other than a SAR, a RSU or any other Award settled in cash) granted under Section 102.

102 Option means Award granted under Section 102.

Examples of 102 Option in a sentence

Each Option Agreement shall specifically state the type of Option granted thereunder and whether it constitutes an Incentive Stock Option, Nonqualified Stock Option, 102 Option Award and the relevant track, 3(9) Option Award, or otherwise.
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.
The holder of each Cancelled Option that is a Company 102 Option or that is otherwise held by the 102 Trustee shall receive the Option Consideration through the 102 Trustee in accordance with Section 2.8.
Upon such exercise, delivery of a certificate for paid-up Shares, other than Shares issued on the exercise of a 102 Option, shall be made at the principal office of the Company to the person exercising the Option, not more than thirty (30) days from the date of receipt of the notice by the Company.
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.

More Definitions of 102 Option

102 Option means any Option granted to Employees in accordance with and subject to Section 102 of the Ordinance.

102 Option means an Option granted under the rules of Section 102 of the Ordinance, as amended, or any law or regulations, which shall replace Section 102.

102 Option means any Option granted pursuant to Section 102.

102 Option means an Option intended to qualify under Section 102 of the Ordinance.

102 Option. – means an Option that the Board intends to be a “102 Option” which shall only be granted to Employees, and shall be subject to and construed consistently with the requirements of Section 102 of the Tax Ordinance. The Company shall have no liability to an Optionee, or to any other party, if an Option (or any part thereof), which is intended to be a 102 Option, does not eventually qualify as a 102 Option.

102 Option. - means an Option that the Board intends to be a “102 Option” which shall only be granted to Employees, and shall be subject to and construed consistently with the requirements of Section 102 of the Ordinance. Approved 102 Options may either be classified as Capital Gains Track Options (CGTO) or Ordinary Income Track Options (OITO). 102 Options may either be granted to a Trustee or without a Trustee.

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