|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the AN DEF 14A filed Mar 27, 2008. Transferred
Options
If incentive stock options or non-qualified stock options are
held until death, federal estate and inheritance taxes would be
imposed on the fair market value of the options at the time of
death. If, however, the holder makes a lifetime gift of
non-qualified stock options to permitted family members, trusts
for their benefit, or other entities, federal gift taxes would
be imposed on the fair market value of the non-qualified stock
options at the time of the completed gift (generally, the time
at which all service conditions to exercisability have been
satisfied).
|
| |||||||
