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International Organization for Standardization

A non-governmental organization that sets standard codes for countries and currencies. ISO sets the ISO 3166 codes for countries and provinces, which are used in international banking transactions and shipping. Likewise, it sets the ISO 4217 codes for individual currencies. ISO has its headquarters in Geneva, Switzerland, and, because its standards are usually adopted into the law of member states, it is more powerful than most other NGOs.

Incentive stock option (ISO).

Corporate executives may be granted incentive stock options (ISOs), also called qualifying stock options. These options aren't taxed when they're granted or exercised, but only when the underlying shares are sold.

If, after exercising the options, participating executives keep the shares for the required period, any earnings from selling the shares are taxed at the owner's long-term capital gains rate.

However, stock option transactions may make sellers vulnerable to the alternative minimum tax (AMT).


References in periodicals archive ?
Both ISO 15489-1 and this technical report apply to records in any format or media, created or received by any public or private organization during the course of its activities.
However, in more frequently occurring situations, there are a myriad of internationally recognized standards that have been incorporated into ISO, which are, more often than not, an amalgamation of the many extant standards, which become dilutions rather than solutions.
The state's power buyers, forced into this complex power market, got ISO control-room access for one reason: because they needed it to gain a competitive edge against the generators that were manipulating the market.
Manufacturers whose ISO 9000 deductions faced challenges from IRS auditors successfully argued that at least some of the training costs associated with certification were period costs and should be deductible.
When it restructured in 1997, ISO vowed to increase revenues by $100 million--about 41%--by 2001, without reducing prices.
This ISO performs the same tasks as the IRS employer agent but is a private vendor under contract to the state.
Because ISO 9000 originated in Europe, nearly half the respondents cited certification as a necessary ticket of admission to overseas markets.
Each ISO granted under a plan must be issued within 10 years of the adoption of the plan, and an ISO must not be exercisable after the 10th anniversary of the date of grant.
Thus, while exercising an ISO has no regular tax effects, a taxpayer may incur some AMT liability, depending on the amounts involved and his or her individual situation.
Maag Pump Systems Textron announced that its Americas facility has passed the ISO 9001 certification given by TUV Industry Services.
Seen in its broadest context, ISO 15489 is the latest development in the global best practices movement that has been gathering momentum during the past 15 years.