Incentive Option definition

Incentive Option means an Option that is intended to comply with the requirements set forth in Section 422 of the Code.

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Incentive Option means an option to purchase Stock granted under this Plan which is designated as an "Incentive Option" and satisfies the requirements of Section 422 of the Code.

Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

Examples of Incentive Option in a sentence

• In the event that Incentive Option treatment is not available, this option will be taxed as a Non-Statutory Option upon exercise.

• Note: Exercise of this option on a date later than three (3) months following cessation of Service due to Disability will result in loss of favorable Incentive Option treatment, unless such Disability constitutes Permanent Disability.

• To the extent that the Option is designated as an Incentive Option and such Option does not qualify as an Incentive Option, the Option (or portion thereof) shall be treated as a Nonqualified Option.

• No Incentive Option may be exercised on or after the tenth anniversary of the Grant Date, or on or after the fifth anniversary of the Grant Date if the Optionee is a Ten Percent Owner.

• To the extent that the Option or any portion thereof is designated as an Incentive Option and such Option does not qualify as an Incentive Option, the Option or portion thereof shall be treated as a Nonqualified Option.

More Definitions of Incentive Option

Incentive Option means an option that satisfies the requirements of Code Section 422.

Incentive Option means an Option that is intended to meet the applicable provisions of Section 422 of the Code.

Incentive Option means an Option designated as such and granted in accordance with Section 422 of the Code.

Incentive Option means an incentive stock option as defined under Section 422 of the Code and regulations thereunder.

Incentive Option means any option which satisfies the requirements of Section 422 of the Code and is granted pursuant to Article III of the Plan.

Incentive Option means a Stock Option granted under the Plan which both is designated as an Incentive Option and qualifies as an incentive stock option within the meaning of Section 422 of the Code.

Incentive Option means an incentive stock option as defined in Section 422(b) of the Code;