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Subject:   Non Qualified Stock Options
Date:   Sat, 24 Jan 2004
From:   John

Mike,

I can't find anything that says NQSO's need to be exercised in date order. Has that rule changed?

John

Answer

Date:   Mon, 02 Feb 2004

Hello John,

No. To my knowledge, NQSOs were never required to be exercised in date order. Some plans could have provisions to that effect, which could supercede the general rule.

Good luck!

Mike Gray

For more information about non-qualified stock options, request our free report, Non-Qualified Stock Options - Executive Tax and Financial Planning Strategies.

IRS Circular 230 Disclosure: As required by U.S. Treasury Regulations, you are hereby advised that any written tax advice contained in this answer was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed under the U.S. Internal Revenue Code.