13 CFR 107.250 - Exclusion of stock options issued by Licensee from Management Expenses.

U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 28, 2025

View all text of Subpart C [§ 107.100 - § 107.320]

§ 107.250 - Exclusion of stock options issued by Licensee from Management Expenses.

Stock options issued by any Licensee, including a 1940 or 1980 Act Company, are not considered compensation and therefore do not count as part of a Licensee's Management Expenses.