<html> <head> <title>Rule 20:06:04:31 Additional definitions.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:04:31"> <META NAME="Description" Content="Administrative Rules 20:06:04:31 Additional definitions."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:04:31.&nbsp;&nbsp;Additional definitions.</b> Unless the context otherwise requires, all terms used in §§&nbsp;20:06:04:31 to 20:06:04:46, inclusive, shall have the same meaning as in SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-68">58-5-68</A> to <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-78">58-5-78</A>, inclusive, and §&nbsp;20:06:04:01. In addition, the following definitions apply:</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;The term &quot;plan&quot; includes any plan, whether or not set forth in any formal written document or documents and whether or not approved in its entirety at one time;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;The definition of the terms &quot;qualified stock option&quot; and &quot;employee stock purchase plan&quot; that are set forth in sections 422 and 423 of the Internal Revenue Code of 1954 are to be applied to those terms where used in §§&nbsp;20:06:04:31 to 20:06:04:46, inclusive;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;The term &quot;restricted stock option&quot; as defined in section 424 (b) of the Internal Revenue Code of 1954 shall be applied to that term as used in §§&nbsp;20:06:04:31 to 20:06:04:46, inclusive, provided, however, that for the purposes of §§&nbsp;20:06:04:31 to 20:06:04:46, inclusive, an option which meets all of the conditions of section 424 (b), other than the date of issuance shall be deemed to be a &quot;restricted stock option.&quot;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-73">58-5-73</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-77">58-5-77.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-68">58-5-68</A> to <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-78">58-5-78.</A></p> </div> </body> </html>