Dynastic order Dynastic order A dynastic order, monarchical order, or house order, is an order under royal patronage, bestowed by the head of a currently or formerly sovereign royal family as legitimate fons honorum. These are often considered part of the cultural patrimony of the royal family. They are orders of chivalry, and orders of merit just as those distributed by sovereign states, but dynastic orders were often founded or maintained to reward service to a monarch, or the monarch's subsequent dynasty. An example of this difference is seen between the Royal Victorian Order, in which appointments are made as a personal
Restricted stock structure their restricted stock awards). Employees pay income tax on the value of the restricted stock in the year in which it vests, and then pay capital gains tax on any subsequent appreciation or depreciation in the value of the restricted stock in the year in which it is sold. A grantee of restricted stock may make an "83(b) election" to recognize the income from the restricted stock grant based on the fair market value of the restricted stock at the time of the grant, rather than at the time of vesting. This is often desirable to minimize income tax