What does ISO stand for?

The tax implications are different for qualified stock options, also known as incentive stock options (ISOs).

Under Section 6039(a) of the Internal Revenue Code of 1986, as amended (the "Code"), every corporation that in 2005 issued stock upon the exercise of an incentive stock option (meaning a stock option that qualifies for the favorable tax treatment available under Section 421 of the Code) must furnish to the employee exercising the option, on or before January 31, 2006, a written statement containing certain specified information.

Incentive stock options An incentive stock option is a qualified right to purchase stock at a fixed price.

Stock options come in two varieties: incentive stock options (ISOs) and non-qualified stock options (NSOs).

MILTON, Ontario -- Aeroquest International Limited (Aeroquest)(TSX VENTURE:AQL) announces the following transactions under its Incentive Stock Option Plan.

To assist in complying with the requirements of Section 6039 of the Code, we have prepared the attached form of information statement: Individual Statement of Information Regarding Exercise of an Incentive Stock Option __________________, INC.

Incentive stock options and employee stock-purchase plans have tax incentives that encourage owners to hold the stock for at least a year.

00 per share, or a total of approximately $22 million, subject to shareholder approval of an amendment to the Company's incentive stock option plans that will allow adjustments to equity compensation awards to offset the impact of the one-time extraordinary dividend.