EMI Stock definition
Examples of EMI Stock in a sentence
Participant agrees to enter into a notification of grant of an Option designated above as an EMI Stock Option with Participant’s employing company within 90 days of the Date of Grant, failure to do so will result in the lapse of the EMI Stock Option.
Type of Stock Option (U.S.): o Incentive o Nonqualified Type of Stock Option (U.K.): o EMI Stock Option o Non-EMI Stock Option (exact spelling of the name(s) under which Purchaser will take title to the Shares) Form of Title: Purchaser desires to take title to the Shares as follows: o Individual, as separate property o Husband and wife, as community property o Joint Tenants o Other, please specify: Form of Payment: o Cash (by check) o Surrender of Shares o Same Day Sale or Margin Commitment Exhibits: 1.
Provided there have been no disqualifying events in relation to the EMI Stock Option for the purposes of ITEPA, no income tax or social security contributions will be payable on the exercise of the EMI Stock Option.
If the Option is designated as an EMI Stock Option above (“EMI Stock Option”), the Option is granted pursuant to and intended to qualify as an “enterprise management incentive stock option” or “EMI”) within the meaning of Schedule 5 U.K. Income Tax (Earnings and Pensions) A▇▇ ▇▇▇▇ (“ITEPA”) as amended from time to time.