Non-Employee Director Option definition

Non-Employee Director Option means a Non-Statutory Stock Option granted to a Non-Employee Director pursuant to Section 10 of this Plan.

Non-Employee Director Option means a Non-Statutory Stock Option granted pursuant to Section 7 hereof.

Non-Employee Director Option means a NQSO granted pursuant to the Plan to a person who, at the time of the grant, is a Non-Employee Director.

Examples of Non-Employee Director Option in a sentence

• If, after death, the Non-Employee Director Option is not exercised within the time specified herein, the Non-Employee Director Option shall terminate.

• Notwithstanding the foregoing, a Non-Employee Director Option may be granted with an exercise price lower than that set forth in the preceding sentence if such Non-Employee Director Option is granted pursuant to an assumption or substitution for another option in a manner satisfying the provisions of Section 424(a) of the Code.

• Each Non-Employee Director Option shall have a term of ten (10) years from the date it is granted.

• The exercise price of each Non-Employee Director Option shall be one hundred percent (100%) of the Fair Market Value of the stock subject to the Non-Employee Director Option on the date of grant.

• If, after termination, the Non-Employee Director does not exercise his or her Non-Employee Director Option within the time specified herein, the Non-Employee Director Option shall terminate.

More Definitions of Non-Employee Director Option

Non-Employee Director Option means a Nonstatutory Stock Option granted to a Non-Employee Director under Section 6.7 of the Plan.

Non-Employee Director Option means an Option granted automatically to Non-Employee Directors pursuant to Section 8.

Non-Employee Director Option means a nonstatutory stock option granted pursuant to the Non-Employee Directors’ Plan.

Non-Employee Director Option means a stock option granted to a Non-Employee Director in accordance with Section 6.1(a).

Non-Employee Director Option means an option not intended to satisfy the requirements of Code Section 422 and which is granted pursuant to Article III of the Plan.

Non-Employee Director Option means an Option not intended to satisfy the requirements of Code Section 422.

Non-Employee Director Option means a right to purchase stock of the Company granted under Section 7.1 of this Plan.