Option Award definition

Option Award means an Award of an Option pursuant to Section 10 hereof.
Option Award means, individually or collectively, a grant under this Plan of a Nonqualified Stock Option.
Option Award means an Award of an Option pursuant to section 7 hereof.

Examples of Option Award in a sentence

  • The provisions of the various Stock Option Award Agreements entered into under the Plan need not be identical.

  • Each Stock Option Award Agreement shall specify the Exercise Price.

  • The Stock Option Award Agreement shall specify whether the Option is an ISO or an NSO.

  • The delivery of certificates representing the shares of Stock to be purchased pursuant to the exercise of a Stock Option will be contingent upon receipt from the optionee (or a purchaser acting in his stead in accordance with the provisions of the Stock Option) by the Company of the full purchase price for such shares and the fulfillment of any other requirements contained in the Option Award agreement or applicable provisions of laws.

  • Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Committee deems appropriate for inclusion in a Stock Option Award Agreement.


More Definitions of Option Award

Option Award means the options to purchase shares of Class A and Class B Common Stock granted to you by the Company pursuant to the Award Agreement.
Option Award means an Award of an Option pursuant to section 7 hereof. “Outside Director” means a director of the Company, who is not also an Employee and who is selected by the Committee to receive an Award under this Plan. “Participant” means an Employee who is selected by the Committee to receive an Award under this Plan. “Performance Goals” means performance goals established by the Committee from time to time. Such goals may be absolute in their terms or measured against or in relation to other companies comparably or otherwise situated. Such performance goals may be particular to a Participant or the Subsidiary, division or other unit in which the Participant works or may be based on the performance of the Company as a whole. The Performance Goals applicable to any Award that is intended to qualify for the performance-based exception from the tax deductibility limitations of Code section 162(m) shall be based on one or more of (i) earnings, (ii) unit sales, sales volume or revenue, (iii) sales growth, (iv) stock price (including comparison with various stock market indices), (v) return on equity, (vi) return on investment, (vii) total return to stockholders, (viii) economic profit, (ix) debt rating, (x) operating income, (xi) cash flows, (xii) cost targets, (xiii) return on assets or margins or (xiv) implementation, completion or attainment of measurable objectives with respect to (1) software development, (2) new distribution channels, (3) customer growth targets, (4) acquisition identification and integration, (5) manufacturing, production or inventory targets, (6) new product introductions, (7) product quality control, (8) accounting and reporting, (9) recruiting and maintaining personnel, or (10) compliance or regulatory program targets. Any criteria used may be measured, as applicable, (a) in absolute terms, (b) in relative terms (including but not limited to, the passage of time or against other companies or financial metrics), (c) on a per share basis, (d) against the performance of the Company as a whole or against particular entities, segments, operating units or products of the Company or (e) on a pre-tax or after tax basis. “Person” has the meaning ascribed to that term in Exchange Act section 3(a)(9), as modified and used in Exchange Act sections 13(d) and 14(d), except that such term shall not include (a) the Company, (b) a trustee or other fiduciary holding securities under an employee benefit plan of the Company, or (c) an underwriter temporarily h...
Option Award shall have the meaning ascribed to it in Section 4(d) hereof.
Option Award means, collectively, the Options granted to the Grantee pursuant to this Agreement.
Option Award means an Award granted under Section V(A)(1).
Option Award means an Award of an Incentive Stock Option or a Non-Qualified Stock Option.
Option Award means, collectively, the Options granted to a Grantee as of a particular Grant Date as evidenced by an Option Agreement.