Glossary

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102 Options (Israel)

“102 options” are a type of employee option plan available in Israel. The name refers to Section 102 of the Israeli Income Tax Ordinance (more accurately 102(b)(2)), which sets out the tax rules for employee share option plans. Under this provision, employees who are granted options may be eligible for tax benefits if certain conditions are met. These conditions include a holding period req...

102 Trustee (Israel)

A “102 trustee” is a person or entity appointed by an Israeli company to administer its employee share option plan in accordance with Section 102 of the Israeli Income Tax Ordinance. The trustee is responsible for managing the plan and ensuring compliance with the tax rules and other legal requirements. In particular, the trustee is responsible for holding the shares issued under the plan in t...

83(b) Filing

The “83(b) filing” is a form that is filed with the US Internal Revenue Service (IRS) by an employee or other service provider who has been granted restricted stock or other property that is subject to vesting. The filing is named after Section 83(b) of the US Internal Revenue Code, which governs the tax treatment of such property. By filing an 83(b) election, the employee is choosing to inclu...