Director Options definition

Director Options means Nonqualified Options granted to Nonemployee Directors pursuant to the applicable terms, conditions and limitations specified in paragraph 9(a) hereof.

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Director Options means the outstanding options to acquire Shares granted to directors of the Company.

Director Options means options granted to Non-Employee Board Directors pursuant to Article 14 of the Plan, including Initial Director Options and Annual Director Options.

Examples of Director Options in a sentence

• All terms and conditions of the PLAN, as it may be amended from time to time, applicable to Director Options granted thereunder shall be deemed incorporated herein by reference.

• Director Options are in the form of nonqualified stock options which are not intended to fall under the provisions of Internal Revenue Code Section 422.

• Prior to the Effective Time, the Company shall take all actions necessary to terminate the Stock Plans, such termination to be effective at or before the Effective Time (it being understood that the Company shall not be obligated hereby or otherwise to terminate or cancel any outstanding Director Options).

• Nothing in this Section 5.3 or in Section 6.1(c) shall have the effect of accelerating the six-month period during which Director Options are not exercisable.

• Directors of the Company who are not Employees are only eligible to receive Director Options under Section 5.3.

More Definitions of Director Options

Director Options means Company Options granted to an individual who, at the time of grant, was a member of the Board of Directors of the Company (including any such member who is also an employee of the Company).

Director Options means options granted hereunder to non-employee directors.

Director Options means non-qualified Options awarded under Section 6.3.

Director Options is defined in Section 2.6(a).

Director Options has the meaning assigned to such term in paragraph (A) of the Recitals.

Director Options means Nonqualified Options granted to Nonemployee Directors pursuant to and in accordance with Paragraph 9(b).

Director Options means the Options to be granted to Dr Rob Newman having the terms and conditions set out in in the Explanatory Memorandum and Annexure A;