Title 13

SECTION 107.250

107.250 Exclusion of stock options issued by Licensee from Management Expenses.

§ 107.250 Exclusion of stock options issued by Licensee from Management Expenses.

Stock options issued by any Licensee, including a 1940 or 1980 Act Company, are not considered compensation and therefore do not count as part of a Licensee's Management Expenses.

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