South Carolina Insurance Agents Stock option plan

State:
Multi-State
Control #:
US-CC-18-181A
Format:
Word; 
Rich Text
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Description

18-181A 18-181A . . . Insurance Agents Stock Option Plan under which Compensation Committee may grant Non-qualified Stock Options to any insurance agent who signs agreement which commits agent to produce at least $300,000 of premiums during specific three-year period ("Qualification Period"). Number of shares covered by option is equal to agent's premium commitment divided by $100, and options become exercisable only to extent agent satisfies his or her minimum commitment for premiums during Qualification Period, and only to extent loss ratios for insurance business written meet or exceed certain performance criteria
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  • Preview Insurance Agents Stock option plan
  • Preview Insurance Agents Stock option plan
  • Preview Insurance Agents Stock option plan
  • Preview Insurance Agents Stock option plan
  • Preview Insurance Agents Stock option plan

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FAQ

South Carolina Code §12-6-3550 allows a credit against taxes due for costs of voluntary cleanup activity by a nonresponsible party pursuant to the Brownfields Voluntary Cleanup Program in South Carolina Code Title 44, Chapter 56, Article 7.

If the principal profits or income of a taxpayer are derived from sources other than those described in Section 12-6-2252 or Section 12-6-2310, the taxpayer shall apportion its remaining net income using a fraction in which the numerator is gross receipts from within this State during the taxable year and the ...

Section 38-71-190 of the South Carolina Code grants the insured the right to petition the Director of Insurance for a hearing on the fairness of subrogation by an insurer.

South Carolina Code §12-6-3360(C)(1) provides a tax credit against South Carolina income tax, bank tax, or insurance premium tax for a qualifying business creating new jobs in this State.

?What is the Homestead Exemption benefit? The Homestead Exemption is a complete exemption of taxes on the first $50,000 in Fair Market Value of your Legal Residence for homeowners over age 65, totally and permanently disabled, or legally blind.

FEDERAL TAX CONFORMITY South Carolina Code §12-6-50 provides a list of Internal Revenue Code sections specifically not adopted by South Carolina. This conformity simplifies the filing of returns by adopting federal taxable income as a starting point for South Carolina income tax purposes.

Under Code Section 12-6-30(1) the definition of ?'Taxpayer' includes an individual, trust, estate, partnership, association, company, corporation, or any other entity subject to the tax imposed by this chapter or required to file a return.? [emphasis added] While ABC, a limited liability company taxed as a partnership, ...

South Carolina Code §12-6-2252 (i.e., the single sales factor apportionment method) provides that a taxpayer whose principal business in South Carolina is manufacturing or any form of collecting, buying, assembling, or processing goods and materials in this state or whose principal business in South Carolina is selling ...

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South Carolina Insurance Agents Stock option plan