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I-3 - Taxation Act

Section 965.6.18
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965.6.18. (Repealed).
1987, c. 21, s. 47; 1988, c. 4, s. 90; 2017, c. 29, s. 166.
965.6.18. A stock ownership plan may provide clauses applicable in the event of an eligible employee’s death, retirement, illness or layoff, the sale or transfer of shares acquired under the plan, an eligible employee’s failure to repay his loan or any other situation that may compromise repayment of the loan or any subscription agreement entered into by an eligible employee.
1987, c. 21, s. 47; 1988, c. 4, s. 90.
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