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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 ?
Pearl, manager of corporate quality systems and ISO 9000 program manager at Corning Inc.
CTF is working together with individuals and organizations such as ReformAMT, through education, legislative initiatives, and grassroots efforts to help reform the ISO AMT tax law and alleviate this catastrophic situation.
2000-4, there was no specific authority on the tax treatment of ISO 9000-related costs.
Johns Manville announced that its Waterville (OH) Engineered Products Plant has been ISO 9002 certified.
It should be understood that ISO 9000 is a for-profit, open-market program.
At the time of the antitrust settlement, there was sentiment within the industry for ISO to switch to a for-profit organization.
This ISO model may provide supportive services to consumers, such as skills and self-advocacy training, assistance with criminal background checks, development of emergency backup service plans, and maintenance of an attendant registry that assists consumers in performing the employment-related administrative and supervisory tasks associated with their CD-PAS.
For an option to qualify as an ISO, the exercise price cannot be less than the fair market value of the stock at the time the option is granted.
If an option plan does not meet the ISO requirements, either by definition or by effect, it is an NQO plan.
And Information Mapping aims to be to ISO certification what ISO 9000 compliance is to international business -- a standard prerequisite.
Details about ISO and its standards can be found at http://www.
The DSM Engineering Plastics analytical testing laboratory is now accredited to ISO/IEC (International Electrotechnical Commission) 17025, an enhancement and replacement of the ISO Guide 25 to which the lab has been accredited since 1994.