Option definition

Option means an Incentive Stock Option or a Nonstatutory Stock Option to purchase shares of Common Stock granted pursuant to the Plan.

Examples of Option in a sentence

  • The exercise price per Share under a SAR shall be determined by the Committee; provided, however, that, except in the case of Replacement Awards, such exercise price shall not be less than the Fair Market Value of a Share on the date of grant of such SAR (or if granted in connection with an Option, on the grant date of such Option).

  • To the extent an Option is not previously exercised as to all of the Shares subject thereto, and, if the Fair Market Value of one Share is greater than the exercise price then in effect, then the Option shall be deemed automatically exercised by a cashless exercise net settlement, immediately before its expiration, unless the Participant has given instruction as to the contrary.

  • An Option or SAR will be deemed to be “underwater” at any time when the Fair Market Value of the Shares covered by such Award is less than the exercise price of the Award.

  • The Committee shall determine the conditions, if any, to vesting of Options granted under the Plan, including without limitation any service- or performance-based conditions to vesting of the Option.

  • The term of each Option shall be fixed by the Committee but shall not exceed 10 years from the date of grant of such Option.

More Definitions of Option

Option means rights, options or warrants to subscribe for, purchase or otherwise acquire Common Stock or Convertible Securities.
Option or “Stock Option” means any option to purchase shares of Stock granted pursuant to Section 5.
Option means an award of an option to purchase Shares pursuant to Section 5.
Option means a right granted to a Participant pursuant to Article 5 of the Plan to purchase a specified number of Shares at a specified price during specified time periods. An Option may be either an Incentive Share Option or a Non-Qualified Share Option.
Option means an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Shares.