Non-Statutory Stock Option definition

Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.

Non-Statutory Stock Option means any Stock Option that is not an Incentive Stock Option.

Non-Statutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

Examples of Non-Statutory Stock Option in a sentence

• The Committee may designate whether an Option is to be considered an Incentive Stock Option or a Non-Statutory Stock Option.

• Unless otherwise so designated, an Option shall be a Non-Statutory Stock Option.

• To the extent that any Incentive Stock Option granted under the Plan ceases for any reason to qualify as an “incentive stock option” for purposes of Section 422 of the Code, such Incentive Stock Option will continue to be outstanding for purposes of the Plan but will thereafter be deemed to be a Non-Statutory Stock Option.

• The Board of Directors may at any time without the consent of the optionee convert an Incentive Stock Option to a Non-Statutory Stock Option.

• Any Non-Statutory Stock Option or Stock Appreciation Right granted under the Plan shall contain such terms and conditions with respect to its termination as the Committee, in its discretion, may from time to time determine.

More Definitions of Non-Statutory Stock Option

Non-Statutory Stock Option means an Option other than an Incentive Stock Option.

Non-Statutory Stock Option means an Option which is not an Incentive Stock Option.

Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of this Plan that is not intended to meet the requirements of or does not qualify as an Incentive Stock Option.

Non-Statutory Stock Option means an Option which does not qualify as an Incentive Stock Option.

Non-Statutory Stock Option means an option to purchase shares of Common Stock which is not an Incentive Stock Option.

Non-Statutory Stock Option means a stock option granted to a Participant pursuant to the terms of the Plan but which is not intended to be and is not identified as an Incentive Stock Option or a stock option granted under the Plan which is intended to be and is identified as an Incentive Stock Option but which does not meet the requirements of Section 422 of the Code.

Non-Statutory Stock Option means an Option that is not intended to be an Incentive Stock Option.