The Commissioner does not object to a requirement in such plans or options that the optionee shall exercise a pro-rata portion of the optionee's options each year or such portion shall automatically expire and thereafter be null and void. (Sects. 839, 843)

History

1. Change without regulatory effect amending section filed 7-14-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 29). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.