Pre FAS 123R and Incentive Stock Options

At Issuance

There is no impact on the tax provision on issuance.

Upon Exercise

•	Typically these options, when exercised, should impact the Current Tax Expense, which should be offset in Equity.

•	This type of option was vested prior to the adoption of FAS 123R or consists of qualifying distributions of Incentive Stock Options (ISOs).

•	To impact the current provision and an offset in equity, enter the option expense details as a permanent difference with Type E for Equity Adjustment.