The Board of Directors of Canada-based Bear Creek Mining (TSX Venture: BCM) has authorised and approved the grant of 650,000 incentive stock options
under its incentive stock option
plan to Paul Tweddle.
On 1 March 2018, the company awarded 650,000 incentive stock options
to its new chief financial officer, Paul Tweddle.
50 per share for a period of 5 years and have been granted under and are governed by the terms of the Companys incentive stock option
The incentive stock options
will expire on August 13, 2020.
Also, remuneration for stock transferred pursuant to exercising an incentive stock option
, under an employee stock purchase plan, or any disposition of such stock, will not be taken into account for determining Social Security benefits.
Stock options for employees fall into three major categories: Incentive stock options
, nonqualified stock options and restricted stock.
Incentive stock options
have become more attractive recently for several reasons.
As a result of the renewed interest in incentive stock options
and the increased use of stock swaps, many to whom options are granted may hold a greater number of low-basis shares in their portfolios.
About ReformAMT - ReformAMT is a non-partisan, grass roots organization focused on a broad legislative remedy to correct a flaw in the Alternative Minimum Tax's (AMT) antiquated treatment of Incentive Stock Options
GoldMining Inc(TSX-V: GOLD)( OTCQX: GLDLF), a public mineral exploration company, has granted incentive stock options
Canadian exploration company Orex Minerals Inc (REX:TSX-V) stated on Wednesday that it has awarded incentive stock options
to its directors, officers and consultants.
Use of incentive stock options
(ISOs) is rising, with 62 per cent of all responding companies currently granting them (nearly one half all the way down to the nonexempt level, compared to 47 percent in 1998).
Like nonqualified stock options, Incentive Stock Options
(ISOs) are contractual promises that permit an employee to acquire stock from the employer at a future date under established terms.
Under the facts of Letter Ruling (TAM) 9527005, key management employees who held incentive stock options
(ISOs) on the date of a merger exercised their ISOs and then immediately sold the stock.
ReformAMT seeks to correct an injustice created by the way in which the Alternative Minimum Tax (AMT) is inappropriately and unjustly imposed upon owners of incentive stock options