18-209A 18-209A . . . Outside Director Stock Option Plan under which, in addition to initial grants at fair market value on date of grant, each outside director may elect to receive deferred compensation option in lieu of all or specified portion of any directors fees. Such deferred compensation options shall be for number of shares equal to dollar amount specified in optionee's deferral election divided by difference between (a) fair market value of a share and (b) greater of 40% of fair market value of a share as of grant date or $5.00; and exercise price shall be equal to greater of (x) 40% of fair market value of a share as of grant date or (y) $5.00
Nonemployee Director Stock Option Plan of U.S. Bancorp
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FAQ
Trading options on stocks can be used in versatile ways, from hedging and spreading to speculation. Not all stocks, however, have listed options available for trading. You can determine if a stock has listed options by checking with your broker, with an options exchange, or with the options industry council.
When you exercise your non-qualified stock options, the value of the bargain element will be treated as earned income that is reported on your tax return the same way as your regular earned income.
There are two main types of employee stock optionsnon-qualified stock options (NSOs) and incentive stock options (ISOs). One difference between them is eligibility. Companies can grant the former to employees, consultants, and advisors; however, only employees can receive ISOs.
What Is a Non-Qualified Stock Option (NSO)? A non-qualified stock option (NSO) is a type of employee stock option wherein you pay ordinary income tax on the difference between the grant price and the price at which you exercise the option.
Stock options at private companies are often issued with a low strike price. This allows you a chance to buy shares for a low cost, which requires less cash up front.You'll want to know how much cash you may need to purchase shares and to cover the tax bill if you exercise and hold your shares.
Stock options are of two main types. Incentive stock options, generally only offered to key employees and top management, receive preferential tax treatment in many cases, as the IRS treats gains on such options as long-term capital gains.
Qualified stock options, also known as incentive stock options, can only be granted to employees. Non-qualified stock options can be granted to employees, directors, contractors and others. This gives you greater flexibility to recognize the contributions of non-employees.