Kan. Admin. Regs. § 40-12-15 - Pro rata exercising of options

A stock plan or option shall provide that the optionee shall exercise a pro rata portion of the options each year or the relevant portion shall automatically expire.

Notes

Kan. Admin. Regs. § 40-12-15
Authorized by K.S.A. 40-103, 40-205; implementing K.S.A. 40-205; effective Jan. 1, 1968; amended May 1, 1986.

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