40-12-15

Kan. Admin. Regs. § 40-12-15

Pro rata exercising of options.

Effective May 1, 1986Authorized by K.S.A. 40-103, 40-205; implementing K.S.A. 40-205Kansas Department of Insurance

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.

(Authorized by K.S.A. 40-103, 40-205; implementing K.S.A. 40-205; effective Jan. 1, 1968; amended May 1, 1986.)