Section 102 Trustee definition

Section 102 Trustee means ESOP Management & Trust Services Ltd., the trustee appointed by the Company as trustee for the Company Equity Plan in accordance with Section 102, or any trustee appointed in its place.

Section 102 Trustee means a trustee appointed by the Company and approved by the ITA to act as a trustee for the purposes of Section 102 and the Company Equity Plan which is currently Xxxxx Xxxxxxx Trusts 2004 Ltd. or any duly authorized successor thereto.

Section 102 Trustee means a trustee appointed by the Company in accordance with the provisions of Section 102 of the Israeli Tax Ordinance for the purpose of awards granted under the Company Share Plans.

Examples of Section 102 Trustee in a sentence

• With respect to all Receivables repurchased by Servicer pursuant to Section 2.4 or Section 10.2, or purchased by Servicer pursuant to Section 3.7 or Section 10.2, Trustee shall assign, without recourse, representation or warranty, to Servicer, all of Trustee's right, title and interest in and to such Receivables, and all security and documents and all other Trust Property conveyed pursuant to Section 2.1 with respect to such Receivables.

• Notwithstanding the above, if within ninety (90) days of delivery of the abovementioned request, the tax officer notifies the Company of its decision not to approve the Plan, the Options, which were intended to be granted as a Section 102 Trustee Options, shall be deemed to be Section 102 Non-Trustee Options, unless otherwise was approved by the tax officer.

• Notwithstanding the above, in the event an Optionee shall elect to release the Section 102 Trustee Options and/or the Shares issued upon exercise of such Options prior to the conclusion of the Lock-up Period, the sanctions under Section 102 shall apply to and shall be borne solely by the Optionee.

• I authorize Applied Materials, Inc., to provide a copy of this Letter of Authorization to UBS and the Section 102 Trustee.

• In the case of Section 102 Trustee Options, Options may be granted only after the passage of thirty (30) days (or a shorter period as and if approved by the tax authorities) following the delivery by the Company to the appropriate Israeli Income Tax Authorities of a request for approval of the Plan and the Trustee according to Section 102.

More Definitions of Section 102 Trustee

Section 102 Trustee means a trustee appointed by the Company and the Israeli Subsidiary and approved by the ITA to act as a trustee for the purposes of Section 102 and the Company Equity Plan which is currently Xxxx Xxxx or any duly authorized successor thereto.

Section 102 Trustee means ESOP Management and Trust Services Ltd., which serves as the trustee of the Option Plan and the awards granted thereunder pursuant to Section 102(b)(2) of the Israeli Tax Ordinance.

Section 102 Trustee means the trustee appointed by the Company to hold Section 102 Shares and Section 102 Options pursuant to Section 102.

Section 102 Trustee means IBI Trust Management, appointed by the Company to serve as trustee pursuant to Section 102 of the Ordinance and approved by the Israeli Tax Authority.

Section 102 Trustee means a trustee appointed by the Company in accordance with the provisions of Section 102 for the purpose of awards granted under the Company Stock Plan.

Section 102 Trustee means a trustee appointed by the Company in accordance with the provisions of Section 102 of the ITO and the rules and regulations promulgated in connection therewith, as amended.

Section 102 Trustee means Xxxx Xxxxxxx, CPA of Yardeni Xxxxxxx & Co. CPA, in its capacity as trustee under the Company Stock Option Plans for purposes of Section 102 of the Israeli Income Tax Ordinance, or any successor trustee under such plans.