Examples of Statutory Employee in a sentence
If a Statutory Employee to whom an Incentive Stock Option is a holder of more than 10% of the total combined voting power of all classes of stock of the Company (as determined under Code Section 424(d)), then the Exercise Price shall not be less than one hundred ten percent (110%) of the Fair Market Value per share of Common Stock on the Award Date, and the option term shall not exceed five (5) years measured from the Award Date.
To the extent the Statutory Employee holds two (2) or more such Options which become exercisable for the first time in the same calendar year, the foregoing limitation on the exercisability of such Options, as Incentive Stock Options, shall be applied in the order in which such Options are granted.
The aggregate Fair Market Value of the Common Shares (determined as of the respective date or dates of grant) for which one or more Incentive Stock Options granted to any Statutory Employee under the Plan may for the first time become exercisable as Incentive Options during any one (1) calendar year shall not exceed the sum of One Hundred Thousand Dollars ($100,000).
Statutory Employee IncomeIf you were a statutory employee, do not include the net profit or (loss) from Schedule C, line 31 (or the net profit from Schedule C-EZ, line 3), on Short or Long Schedule SE, line 2.
Statutory Employee IncomeIf you were a statutory employee, don’t include the net profit or (loss) from Schedule C, line 31, on Schedule SE, line 2.
The provision for income tax is determined according to Bulletin D-4, Accounting Treatment of Income Tax, Tax on Assets and Statutory Employee Profit-Sharing.
Plus Loan Program State programs 1) Higher Education Award 2) Nursing Scholarship 3) Hoosier Scholarship Private monies include: 1) Lilly Endowment Educational Award 2) Foundation scholarships and loansThe College also provides assistance through the College Fee Remissions such as Statutory, Employee, and Discretionary Fee Remissions.A brief description of several of the programs follows.
An Eligible Employee who transfers to Statutory Employee status will cease to be an Eligible Employee and shall cease to be an active Participant in the Plan as of the effective date of such transfer.
Credit shall be given for all periods during which the employee is employed by the Company or an affiliate, irrespective of status as a common law employee or as a Statutory Employee or otherwise, to the extent required by ERISA and the Code.
The Account of a Participant who whose status has changed to that of an Employee or a Statutory Employee, but not an Eligible Employee, shall be retained in this Plan until there is a distribution event under this Article IX.