After December 31, 2003, for the purpose of the payment of contributions, the term “wages” does not include an employee’s income attributable to the transfer of shares of stock to the employee pursuant to his or her exercise of a stock option granted for any reason connected with his or her employment.

NOTES:

Retroactive application2006 c 13 §§ 8-22: See note following RCW 50.04.293.
Conflict with federal requirementsPart headings not lawSeverability2006 c 13: See notes following RCW 50.20.120.
Conflict with federal requirementsSeverabilityEffective date2003 2nd sp.s. c 4: See notes following RCW 50.01.010.

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Terms Used In Washington Code 50.04.335

  • contributions: as used in this title shall be deemed to include "payments in lieu of contributions" to the extent that such usage is consistent with the purposes of this title. See Washington Code 50.04.073