Director Option definition

Director Option means an Option granted pursuant to Section 6.

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Director Option means a Nonstatutory Stock Option granted to each Eligible Director pursuant to Section 6.7 without any action by the Board or the Committee.

Director Option means a right to purchase shares of Common Stock granted to a Non-Employee Director pursuant to Section 7 hereof.

Examples of Director Option in a sentence

The Director Option shall be exercisable during your lifetime only by you.
Information regarding the tax consequences of the Director Option will be provided to you.
Transfer of Common Stock purchased by your transferee upon exercise of the Director Option may also be subject to the restrictions and limitations described in Paragraph (5) below.
You understand and acknowledge that applicable securities laws govern and may restrict your right to offer, sell or otherwise dispose of any Common Stock purchased upon exercise of the Director Option.
Following transfer, the Director Option shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer, provided that for purposes of designating a beneficiary with respect thereto, the transferee shall be entitled to designate the beneficiary.

More Definitions of Director Option

Director Option means an Option granted to a Nonemployee Director pursuant to Section 5.

Director Option means a nonqualified stock option granted to a Director under the terms of this Plan.

Director Option means the right to purchase a share of Common Stock upon exercise of an option granted pursuant to Paragraph 11.

Director Option means a Nonqualified Stock Option granted to a Nonemployee Director pursuant to paragraph 9 hereof.

Director Option means an option granted to a Non-Employee Director in accordance with Section 9.2.

Director Option means an Option granted to a Non-Employee Director pursuant to this Section 10.

Director Option means an Option for Shares, Stock Appreciation Rights or Units granted pursuant to Section 6.