Nonstatutory Options Sample Clauses
The Nonstatutory Options clause defines the terms and conditions under which an employer grants stock options to employees that do not qualify for special tax treatment under statutory provisions. Typically, this clause outlines eligibility, vesting schedules, exercise price, and the tax implications for recipients, who are generally taxed upon exercise of the option. Its core practical function is to provide a framework for granting equity incentives while clarifying the tax consequences and administrative procedures, thereby ensuring both parties understand their rights and obligations regarding these non-qualified options.
Nonstatutory Options. The Committee may grant Nonstatutory Options under this Plan. Such Nonstatutory Stock Options must comply with all applicable requirements of this Plan except for those which pertain solely to Incentive Stock Options.
Nonstatutory Options. Any nonstatutory options granted to the Executive during the Employment Period after the Effective Date hereof will, when (and to the extent that) they become exercisable, remain exercisable for their full term.
Nonstatutory Options. In the case of a Nonstatutory Option granted under the Plan, the Committee (in its sole discretion) may accept payment pursuant to Subsections (b), (c), (d) or (e) below.
Nonstatutory Options. NQSOs...................................................................... OTBs.......................................................................