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.
RCW 50.04.335
Wages, remuneration—Stock transfers excepted.
Known as the Employment Security Act
The act spans §§ 50.01.005 to 50.98.110 (395 sections).
2006 c 13 s 17
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.