102 Option definition

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

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

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.

• Such Election shall become effective beginning the first date of grant of an Approved 102 Option under this Annex and shall remain in effect at least until the end of the year following the year during which the Corporation first granted Approved 102 Options.

• The Election shall obligate the Corporation to grant only the type of Approved 102 Option it has elected, and shall apply to all Optionees who were granted Approved 102 Options during the period indicated herein, all in accordance with the provisions of Section 102(g) of the Ordinance.

• Each Option Agreement shall state, inter alia, the number of Shares to which the Option relates, the type of Option granted thereunder (whether a CGO, OIO, Unapproved 102 Option or a 3(i) Option), the vesting provisions and the Exercise Price.

• TIC greatly appreciates the Board’s swift action in trying to address some of these issues, not only with regard to leases, but also with the upcoming effective dates related to Derivatives and Hedging, Credit Losses (CECL), and Long-Duration Insurance Contracts.

More Definitions of 102 Option

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 Award granted under 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 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.

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

102 Option. – means an Option that the Board intends to be a "102 Option" which shall only be granted to employees resident in the State of Israel who are not Ten Percent Members, 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, is not a 102 Option. Approved 102 Options may either be classified as Capital Gain Options ("CGO") or Ordinary Income Options ("OIO").