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

Nonstatutory Option or “NSO” shall mean an employee stock option that is not an ISO.

Nonstatutory Option means any Option that is not an Incentive Option.

Examples of Nonstatutory Option in a sentence

As of the - 7 - Capitalization Date, the Company has reserved an aggregate of 3,550,000 shares of Common Stock for issuance to directors, employees and consultants pursuant to the Company’s Second Amended and Restated Nonstatutory Option Plan (the “Nonstatutory Plan”), under which (i) 2,713,993 shares have been issued and are reflected in the currently outstanding Common Stock, (ii) options to purchase 777,928 shares are presently outstanding and (iii) 58,079 shares remain available for future grant.
Notwithstanding any to the contrary in this Agreement, the Right of First Refusal does not apply to a transfer of Shares subject to a Nonstatutory Option by gift or devise to members of my immediate family (i.e., parents, spouse or children or to a trust for my benefit or any of my immediate family members), but does apply to any subsequent transfer of such Shares by such immediate family members.
The Option granted herein is intended to be a Nonstatutory Option as defined in the Plan.

More Definitions of Nonstatutory Option

Nonstatutory Option means any Option other than an Incentive Stock Option.

Nonstatutory Option means an Option that is not an ISO.

Nonstatutory Option or “NSO” shall mean an employee stock option not described in Sections 422(b) or 423(b) of the Code.

Nonstatutory Option means an Option granted under the Plan which is not intended to qualify as an Incentive Stock Option within the meaning of section 422A of the Code. Nonstatutory Options may be granted at such times and subject to such restrictions as the Board shall determine without conforming to the statutory rules of section 422A of the Code applicable to Incentive Stock Options.

Nonstatutory Option means a stock option that does not satisfy the requirements of Section 422 of the Code or that is designated at the Date of Grant or in the applicable Award Agreement to be an option other than an Incentive Option.

Nonstatutory Option means an Option that does not qualify as an incentive stock option as described in Code Section 422(b) or 423(b).

Nonstatutory Option or “NSO” means an employee stock option that is not an ISO.