NONQUALIFIED OPTIONS. It is the Company’s intent that only Nonqualified Stock Options, and not “incentive stock options” within the meaning of Section 422(b) of the Code, be granted under the Plan and that any ambiguities in construction be interpreted in order to effectuate such intent. The Committee may from time to time grant to eligible participants Nonqualified Stock Options. The options granted shall take such form as the Committee shall determine, subject to the terms and conditions herein.
Appears in 2 contracts
Sources: Stock Option Grant Agreement (Exopack Holding Corp), Stock Option Grant Agreement (Exopack Holding Corp)