Nonstatutory Share Option definition

Nonstatutory Share Option means an Option not intended to qualify as an Incentive Share Option.

Nonstatutory Share Option means an Option that is not intended to, or does not, in fact, qualify as an Incentive Share Option.

Nonstatutory Share Option means any Option that does not qualify as an “incentive stock option” within the meaning of Section 422 of the Code.

Examples of Nonstatutory Share Option in a sentence

• Each Option shall be designated in the Award Agreement as either an Incentive Share Option or a Nonstatutory Share Option.

• Each Option shall be designated in the Option Agreement as either an Incentive Share Option or a Nonstatutory Share Option.

• Notwithstanding the foregoing, a Nonstatutory Share Option may be granted with an 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 424(a) of the Code.

• If an Option is not specifically designated as an Incentive Share Option, or if an Option is designated as an Incentive Share Option but some portion or all of the Option fails to qualify as an Incentive Share Option under the applicable rules, then the Option (or portion thereof) will be a Nonstatutory Share Option.

• If an Option is an Incentive Share Option, such Option may be deemed to be a Nonstatutory Share Option as a result of such transfer.

More Definitions of Nonstatutory Share Option

Nonstatutory Share Option means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Share Option.

Nonstatutory Share Option or “NSO” means a share option that is not an ISO.

Nonstatutory Share Option or “NSO” means an Option that by its terms does not qualify or is not intended to qualify as an ISO.

Nonstatutory Share Option means any Option granted pursuant to Section 5 of the Plan that does not qualify as an Incentive Share Option.

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

Nonstatutory Share Option means an Option not intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

Nonstatutory Share Option means an option to purchase Shares which is not an Incentive Share Option.