Kan. Admin. Regs. § 40-12-15

Current through Register Vol. 43, No. 49, December 5, 2024

Section 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.

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.