NONQUALIFIED definition

NONQUALIFIED. This contract issued to other than a qualified plan. OWNER: See "You, Your, Yours" below.
Sample 1
NONQUALIFIED. “Nonqualified” simply means that the arrangement does not meet the various requirements of Section 401 of the Internal Revenue Code. In order to be a “qualified” plan, a plan must meet those Section 401 requirements. Typical “qualified” plans include pension plans, profit-sharing plans, 401(k) plans, money purchase plans, and Keogh plans. The fact that a NQDC does not have to satisfy the detailed requirements of Section 401 makes NQDC arrangements different from “qualified” plans in many important ways. Some of the major differences are:
Sample 1
NONQUALIFIED stock options in Circuit City stock, that will be scheduled to vest in June 2006. In addition, the Executive will receive fifty thousand (50,000) “sign-on” nonqualified stock options in Circuit City stock, that will be scheduled to vest in four (4) equal installments over the next four (4) years from the date of the formal grant of such stock options.
Sample 1

Examples of NONQUALIFIED in a sentence

  • NON-QUALIFIED STOCK OPTION means a stock option which is not an Incentive Stock Option.

  • NON-QUALIFIED OPTION means an option which is not intended to qualify as an ISO.

  • These contributions under the DCP are also shown in the NONQUALIFIED DEFERRED COMPENSATION TABLE below.

  • TYPE OF CONTRACT (only choose one) / / NONQUALIFIED: (do NOT select plan type) / / TAX-QUALIFIED (must complete plan type) PLAN TYPE (CHECK ONE): / / Roth IRA / / Traditional IRA / / SEP / / 401(k)* / / 401(a)* / / 457(f) Executive Benefit* / / 457(f) Government/Nonprofit* / / Other --------------------------------------------------- *Additional Qualified Retirement Plan Hold Harmless Agreement Required.

  • DEATH BENEFIT PAYOUT OPTIONS DURING THE ACCESS PERIOD FOR NON-QUALIFIED CONTRACTS ONLY Upon the death of an Owner, the recipient of the rights of ownership, as provided for in the Contract, may elect to continue the Contract and receive the Periodic Income Payments in accordance with the terms of the Variable Annuity Payment Option Rider or elect to terminate the Contract and this rider and receive full payment of the Death Benefit.

  • RESTRICTIONS ON FUNDING OF NONQUALIFIED DEFERRED COMPENSATION PLANS BY EMPLOYERS MAINTAINING UNDERFUNDED OR TERMINATED SINGLE-EMPLOYER PLANS.

  • NON-QUALIFIED ...............[_] [_] 1035 Exchange/Transfer [_] Check [_] Wire ..

  • NON-QUALIFIED ...............[_] [_] 1035 Exchange [_] Check [_] Wire ..

  • This NONQUALIFIED STOCK OPTION PLAN (the “Plan”) of VISUALMED CLINICAL SOLUTIONS CORP.

  • The value itself is the implied volatility for the call minus the implied volatility of the put.


More Definitions of NONQUALIFIED

NONQUALIFIED stock options rather than "incentive" stock options. All other stock options held by Willxxxx xxxch were not vested and exercisable as of March 15, 1995 are terminated and of no further force and effect.
Sample 1
NONQUALIFIED which means that there is a significant amount of flexibility in establishing the plan terms, as long as certain legal requirements are met.
Sample 1
NONQUALIFIED. This contract issued other than as a qualified plan.
Sample 1
NONQUALIFIED. The Certificate issued to other than a qualified plan.
Sample 1
NONQUALIFIED stock option and is not intended to qualify as an “incentive stock option.” Section 2.
Sample 1

Related to NONQUALIFIED

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 12 of the Plan.

  • Company Stock Option Plan means each stock option plan, stock award plan, stock appreciation right plan, phantom stock plan, stock option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any stock, option, warrant or other right to purchase or acquire capital stock of the Company or right to payment based on the value of Company capital stock has been granted or otherwise issued.

  • Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Company Stock Option Plans has the meaning ascribed to it in Section 2.6(c).

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Employee Stock Purchase Plan means a plan that grants Purchase Rights intended to be options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to the Optionee’s Option.

  • Nonqualifying Income means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.