Non-Incentive Stock Option definition

Non-Incentive Stock Option or "Non-ISO" shall mean an option to purchase Shares granted pursuant to Section 9 hereof, which option is not intended to qualify under Section 422 of the Code.
Non-Incentive Stock Option or "Non-ISO" means an option to purchase Shares granted by the Committee pursuant to Section 8, which option is not intended to qualify under Section 422 of the Code.
Non-Incentive Stock Option means an Option granted pursuant to this Plan which does not qualify as an Incentive Stock Option.

Examples of Non-Incentive Stock Option in a sentence

  • The Committee may impose additional conditions upon the right of any Participant to exercise any Non-Incentive Stock Option granted hereunder which is not inconsistent with the terms of the Plan.

  • Full payment for each Share of Common Stock purchased upon the exercise of any Non-Incentive Stock Option granted under the Plan shall be made at the time of exercise of each such Non-Incentive Stock Option and shall be paid in cash (in United States Dollars), Common Stock or a combination of cash and Common Stock.

  • Any Non-Incentive Stock Option granted pursuant to the Plan shall be exercised during an Optionee's lifetime only by the Optionee to whom it was granted and shall not be assignable or transferable otherwise than by will or by the laws of descent and distribution.

  • The term of exercisability of each Non-Incentive Stock Option granted pursuant to the Plan shall be not more than ten (10) years from the date each such Non-Incentive Stock Option is granted.

  • Each Non-Incentive Stock Option granted pursuant to the Plan shall comply with and be subject to the following terms and conditions.


More Definitions of Non-Incentive Stock Option

Non-Incentive Stock Option means any option or options that are not Incentive Stock Options.
Non-Incentive Stock Option means an option granted pursuant to Section 5 of the Plan that does not qualify as an Incentive Stock Option, including an Incentive Stock Option granted to a person not subject to taxation on income under the laws of the United States.
Non-Incentive Stock Option means an Option that is not intended to qualify under Section 422 of the Code.
Non-Incentive Stock Option means an option that is not an incentive stock option as defined in Section 422A of the Internal Revenue Code.
Non-Incentive Stock Option means a stock option that is not an Incentive Stock Option.
Non-Incentive Stock Option means an Option to purchase Shares which is granted by the Committee pursuant to Section 8 of this Plan or granted by the Board pursuant to Section 4 of this Plan and which is not intended to qualify under Section 422A of the Code.
Non-Incentive Stock Option means an Option that is designated as a Non-Incentive Stock Option and shall include any Option intended as an Incentive Stock Option that fails to meet the applicable legal requirements thereof. Any Option granted hereunder that is not designated as an Incentive Stock Option shall be deemed to be designated a Non-Incentive Stock Option under this Plan.