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Qualifying share |
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Qualifying shareShares of common stock that a person must hold in order to qualify as a director of the issuing corporation.Qualifying share Similar MatchesQualifying annuityQualifying annuityAn annuity which is purchased within a qualified plan. Nonqualifying annuityNonqualifying annuityAn annuity that does not fall under an IRS-approved pension plan. Contributions are made with after-tax dollars, but earnings can accumulate tax-deferred until withdrawal. Non qualifying life policyNon qualifying life policyA life assurance policy which does not satisfy the requirements of the Inland Revenue and does not qualify for certain tax relief. See 'qualifying policy'. Qualifying annuityQualifying annuityAn annuity allowable as investment for a qualified plan or trust. Qualifying policyQualifying policyThe proceeds from a life assurance policy to an individual are free of tax provided the policy is qualifying. The rules which govern qualification are: a) The premiums must be payable for ten years or 75% of the term whichever is the shorter. For example a ten year endowment plan will qualify after seven and a half years. b) The premiums must be paid regularly on an annual or more frequent basis such as monthly. c) The sum assured must be at least 75% of the total premiums payable over the life of the policy. Further SuggestionsNonqualifying stock optionQualifying stock option |
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