Option Grant definition

Option Grant means a single grant of Options to a certain Participant as determined by the Board or the Committee.

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Option Grant means a written agreement between the Company and an Optionee evidencing the terms and conditions of an individual Option grant. The Option Grant is subject to the terms and conditions of the Plan.

Option Grant means an option granted under one of the Plans to a Plan Participant to acquire shares of Company Stock.

Examples of Option Grant in a sentence

• If designated in the Notice of Stock Option Grant as an Incentive Stock Option (“ISO”), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code.

• This Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement.

• The Administrator of the Company hereby grants to the Participant named in the Notice of Stock Option Grant in Part I of this Agreement (“Participant”), an option (the “Option”) to purchase the number of Shares set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the “Exercise Price”), and subject to the terms and conditions of the Plan, which is incorporated herein by reference.

• This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.

• This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement.

More Definitions of Option Grant

Option Grant means the written instrument which contains the terms, conditions and restrictions pertaining to each Option granted to an Optionee.

Option Grant means a written agreement between the Company and an Optionee setting forth the terms and conditions of the Option granted by the Board to such Optionee.

Option Grant. You have been granted an INCENTIVE STOCK OPTION (referred to in this Agreement as your "Option").

Option Grant means such number of Options as may be granted to an Eligible Person by the Board at any time;

Option Grant means a grant of an Option under the Plan.

Option Grant means a signed, written agreement by the Company, in the form attached as Exhibit A, subject to any amendments or additions thereto as may, in the discretion of the Plan Administrator, be necessary or advisable, evidencing the terms and conditions on which an Option has been granted under this Plan.

Option Grant means the total number of Options granted to the Holder which are each convertible into shares of Common Stock upon the attainment of specified vesting criteria set forth herein.