Examples of Discretionary Option in a sentence

The exercise price shall be payable in one or more of the alternative forms authorized under the Discretionary Option Grant Program.
The Plan Administrator shall have the absolute discretion either to grant options in accordance with the Discretionary Option Grant Program or to effect stock issuances in accordance with the Stock Issuance Program.
Administration of the Discretionary Option Grant and Stock Issuance Programs with respect to all other persons eligible to participate in those programs may, at the Board's discretion, be vested in the Primary Committee or a Secondary Committee, or the Board may retain the power to administer those programs with respect to all such persons.
The exercise price shall become immediately due upon exercise of the option and shall be payable in one or more of the alternative forms authorized under the Discretionary Option Grant Program.
The remaining terms of each option granted under the Automatic Option Grant Program shall be the same as the terms in effect for option grants made under the Discretionary Option Grant Program.

More Definitions of Discretionary Option

Discretionary Option means an option to purchase -------------------- shares of Common Stock granted pursuant to Section 6.3.

Discretionary Option means an Option granted pursuant to Section 5.3.

Discretionary Option means an Option granted pursuant to Section 5A of the Plan, which is granted at the discretion of the Administrator.

Discretionary Option means a Non-qualified Stock Option to purchase Common Stock that is granted to a Participant who is not an Outside Director.

Discretionary Option means an Incentive Stock Option or a Non-Qualified Stock Option (other than a Non-Discretionary Option).

Discretionary Option means an Option awarded to an Employee pursuant to Section 3(b) hereof.

Discretionary Option means an Optiongranted pursuant to Section 5(f).