4. Unless the context otherwise requires, all terms used in §7533 shall have the same meaning as in the Act and in Subchapter A of these regulations. In addition, the following definitions apply. Exercise of an Option, Warrant or Right- contained in the parenthetical clause of §7533. A shall not include:
i. the making of any election to receive under any plan an award of compensation in the form of stock or credits therefor, provided that such election is made prior to the making of the award, and provided further that such election is irrevocable until at least six months after termination of employment;ii. the subsequent crediting of such stock;iii. the making of any election as to a time for delivery of such stock after termination of employment, provided that such election is made at least six months prior to any such delivery;iv. the fulfillment of any condition to the absolute right to receive such stock; orv. the acceptance of certificates for shares of such stock.Plan- includes any plan, whether or not set forth in any formal written document or documents and whether or not approved in its entirety at one time.
Qualified Stock Option and Employee Stock Purchase Plan that are set forth in Sections 422 of the Internal Revenue Code of 1954, as amended, are to be applied to those terms where used in §7533
Restricted Stock Option- as defined in Section 424(b) of the Internal Revenue Code of 1954, as amended, shall be applied to that term as used in §7533, provided, however, that for the purposes of §7533 an option which meets all of the conditions of that Section, other than the date of issuance shall be deemed to be a restricted stock option.