3(i) Option definition

3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

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3(i) Option means an Option which is subject to taxation pursuant to Section 3(i) of the ITO which has been granted to any person who is not an Eligible 102 Participant.

3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance.

Examples of 3(i) Option in a sentence

The Award Agreement or other documents evidencing the Awards granted pursuant to this Sub-Plan shall indicate whether the grant is a 102 Trustee Grant, a Non-Trustee Grant, or a 3(i) Option, and if the grant is a 102 Trustee Grant, whether it is a 102 Capital Gains Track Grant or a 102 Ordinary Income Track Grant and the details of the Trustee chosen.
Name of the Optionee: ▇▇▇ ▇▇▇▇▇▇ Date of Grant: March 22, 2016 Designation: (Please check the relevant box) ☒ 102 Option - Capital Gain Option (CGO) ☐ 3(i) Option ☐ other Number of Options granted: 150,000 Exercise Price: NIS 1.011 Vesting Dates: The Option shall vest over a three (3) year period, on a quarterly basis, such that 1/12 Shares shall vest upon the end of each quarter commencing on the Date of Grant.
The persons eligible for participation in the 3(i) Option Plan as recipients of Options shall include any employees, directors, consultants and contractors of the Company or of any Subsidiary of the Company.
The Board may also grant more than one Option to a given Optionee during the term of this 3(i) Option Plan, either in addition to, or in substitution for, one or more Options previously granted to that Optionee.
The grant of an Option hereunder shall neither entitle the recipient thereof to participate nor disqualify him from participating in, any other grant of Options pursuant to this 3(i) Option Plan or any other option or stock plan of the Company or any of its affiliates.

More Definitions of 3(i) Option

3(i) Option means an Option granted under the terms of Section 3(i) of the Ordinance to persons which do not qualify as “employees” under the provisions of Section 102.

3(i) Option means an Award (other than Restricted Stock) granted under Section 3(i).

3(i) Option means Award granted under Section 3(I).

3(i) Option means an Option granted in accordance with and subject to Section 3(i) of the Ordinance to any person who is Non- Employee.

3(i) Option means an Option granted under the rules of Section 3(i) of the Ordinance, as amended, or any law or regulations, which shall replace Section 3(i).

3(i) Option means an Option granted to an Israeli Participant under the terms of Section 3(i) of the Ordinance that does not qualify as a 102 Award.

3(i) Option means an Option granted to a Non-Employee pursuant to Section 3(i) of the Ordinance.