Incentive Share Option definition

Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

Incentive Share Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code.

Incentive Share Option or “ISO” hereinafter means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code, as designated in the applicable Award Agreement.

Examples of Incentive Share Option in a sentence

• If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three months following the 91st day of such leave any Incentive Share Option held by the Participant will cease to be treated as an Incentive Share Option and will be treated for tax purposes as a Non-statutory Share Option.

• In the case of an Incentive Share Option, the Administrator shall determine the acceptable form of consideration at the time of grant.

• Notice of Disqualifying Disposition: If this Option is designated as an Incentive Share Option and you sell Shares that were acquired through the exercise of this Option within two years from the Grant Date or one year from the date of exercise, you must notify the Company of the sale to permit proper treatment of the compensation expense.

• Each Option will be designated in the Award Agreement as either an Incentive Share Option or a Non-statutory Share Option.

• Moreover, in the case of an Incentive Share Option granted to a Participant who, at the time the Incentive Share Option is granted, owns ordinary shares representing more than 10% of the total combined voting power of all classes of shares of the Company or any Parent or Subsidiary, the term of the Incentive Share Option will be five years from the date of grant or such shorter term as may be provided in the Award Agreement.

More Definitions of Incentive Share Option

Incentive Share Option means an Option that is intended to be, and that qualifies as, an “incentive stock option” within the meaning of Section 422 of the Code.

Incentive Share Option means any Share Option designated and qualified as an “incentive stock option” as defined in Section 422 of the Code.

Incentive Share Option means an Option which is intended by the Committee to constitute an “incentive stock option” under Section 422 of the Code.

Incentive Share Option means an “incentive stock option” within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted tax statute, as amended from time to time.

Incentive Share Option means an Option intended to, and which does, in fact, qualify as an incentive share option within the meaning of Section 422 of the Code.

Incentive Share Option or “ISO” means an Option that by its terms qualifies and is otherwise intended to qualify as an Incentive Share Option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

Incentive Share Option means an Option that is designated by the Committee as an Incentive Share Option as described in Section 422 of the Code and otherwise meets the requirements set forth in this Plan.