Examples of Nonqualified Option in a sentence

Each Progressive Stock Option granted hereunder shall be exercisable six months after the Grant Date, and shall expire at the same time the Nonqualified Option exercised by the Participant would have expired.
Each Non-Employee Director who is not a Non-Employee Director as of the Effective Date shall be granted a Nonqualified Option for 10,000 Shares, on the date on which he or she first becomes a member of the Board.
Each Non-Employee Director who is a member of the Board as of the Effective Date shall be granted a Nonqualified Option for 10,000 Shares as of the Effective Date.

More Definitions of Nonqualified Option

Nonqualified Option or "NQO" means any Option, including a Deferred Compensation Option, granted pursuant to the Plan that is not an Incentive Stock Option.

Nonqualified Option means an Option granted under the Plan other than an Incentive Option.

Nonqualified Option means an Option that is not an “incentive stock option” within the meaning of Section 422 of the Code and includes any Option designated or intended as a Nonqualified Option and any Option designated or intended as an Incentive Stock Option that fails to meet the applicable legal requirements thereof.

Nonqualified Option means any Option that is not a Qualified Option.

Nonqualified Option means an Option Right that is not intended to qualify as a Tax-Qualified Option.

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

Nonqualified Option means an option to purchase Common Stock of the Corporation which meets the requirements set forth in the Plan but does not meet the definition of an incentive stock option within the meaning of Section 422 of the Code. The stock option agreement for a Nonqualified Option shall state that the option is intended to be a Nonqualified Option.