Nonqualified Share Option definition

Nonqualified Share Option means an Option that is not an Incentive Share Option.
Nonqualified Share Option means a stock option granted pursuant to the Plan which does not satisfy the requirements of Section 422 of the Code.
Nonqualified Share Option means an Option that is not designated as an ISO.

Examples of Nonqualified Share Option in a sentence

  • Any Related Right that relates to a Non-qualified Share Option may be granted at the same time the Option is granted or at any time thereafter but before the exercise or expiration of the Option.

  • Notwithstanding the foregoing, a Non-qualified Share Option may be granted with an Option Exercise Price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or substitution for another option in a manner satisfying the provisions of Section 409A of the Code.

  • A Non-qualified Share Option may, in the sole discretion of the Committee, be transferable to a Permitted Transferee, upon written approval by the Committee to the extent provided in the Award Agreement.

  • If the Non-qualified Share Option does not provide for transferability, then the Non-qualified Share Option shall not be transferable except by will or by the laws of descent and distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder.

  • A Non-qualified Share Option may, in the sole discretion of the Board, be transferable to a Permitted Transferee, upon written approval by the Board to the extent provided in the Award Agreement.


More Definitions of Nonqualified Share Option

Nonqualified Share Option means any Option to purchase Shares that is not an Incentive Share Option.
Nonqualified Share Option means an Option to purchase Common Shares other than an Incentive Share Option;
Nonqualified Share Option means an Option that is not designated by the Committee as an Incentive Share Option.
Nonqualified Share Option means an option to purchase Shares from the Company that (i) is granted under Section 6(b) of the Plan and (ii) is not an Incentive Share Option.
Nonqualified Share Option means an Option not intended to be an Incentive Share Option.
Nonqualified Share Option means an Option other than an Incentive Share Option.
Nonqualified Share Option means any Option granted under the Plan which is not considered an Incentive Share Option.