Qualified Stock definition
Examples of Qualified Stock in a sentence
The Options granted hereunder are not intended to be Incentive Stock Options or Qualified Stock Options.
In the case of a Non Qualified Stock Option, if Shares are held for at least one year, any gain realized on disposition of the Shares will be treated as long-term capital gain for federal income tax purposes.
All rights existing as to vested Stock Options as set forth herein shall remain in effect notwithstanding the adoption of a Qualified Stock Option Plan.
Without limiting the foregoing, the Company (i) shall retire and cancel each share of its common stock repurchased in any Qualified Stock Repurchase promptly following the consummation of such repurchase and ensure that all such shares revert to the status of authorized and unissued shares and (ii) shall not sell, reissue, transfer, pledge or otherwise assign or dispose of any such shares to any other Person after such repurchase.
It is possible that the Corporation will, within twelve (12) months from the date of this Agreement, adopt a Qualified Stock Option Plan for members of its senior executive management, including Optionee.