Nonqualified Option definition
Nonqualified Option means any Option that is not an Incentive Stock Option.
Nonqualified Option means an option to purchase Stock granted under this Plan other than an Incentive 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.
Examples of Nonqualified Option in a sentence
No Option hereunder shall be transferable by a Holder other than, for no value or consideration, (i) by will or by the laws of descent and distribution, or (ii) in the case of a Nonqualified Option, as otherwise expressly permitted by the Committee including, if so permitted, pursuant to a transfer to the Holder’s family members, whether directly or indirectly or by means of a trust or partnership or otherwise.
Any Incentive Stock Option which fails to comply with Section 422 of the Code is automatically treated as a Nonqualified Option appropriately granted under this Plan provided that it otherwise meets the Plan’s requirements for Nonqualified Options.
More Definitions of Nonqualified 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.
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 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 set forth in Section 422 of the Code.
Nonqualified Option means any Option that is not a Qualified 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.
Nonqualified Option means an Option Right that is not intended to qualify as a Tax-Qualified Option.