Option or Nonqualified Stock Option definition

Option or Nonqualified Stock Option means an option to purchase a number of shares of Common Stock granted to Non-Employee Directors pursuant to Section 4.1.
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Examples of Option or Nonqualified Stock Option in a sentence

  • Each Option shall be evidenced by an Award Document that shall expressly identify the Option as an Incentive Stock Option or Nonqualified Stock Option, and be in such form and contain such provisions as the Committee shall from time to time deem appropriate.

  • Elsevier, for example, one of the biggest journals publishers, made GBP 724 million on revenues of GBP 2 billion last year – an operating-profit margin of nearly 36 %23.

  • To determine the number of shares of Common Stock covered by an Award; to determine whether an Option shall be an Incentive Stock Option or Nonqualified Stock Option; and to determine such other terms and conditions, not inconsistent with the terms of this Plan, of each such Award.

  • The Stock Option Agreement shall specify whether the Option is an Incentive Stock Option or Nonqualified Stock Option, the exercise price of such Option, the vesting schedule applicable to such Option, the expiration date of such Option, events of termination of such Option, and any other terms of such Option.

  • The Agreement shall specify whether the Option is intended to be an Incentive Stock Option or Nonqualified Stock Option, provided, however, that if an Option is intended to be an Incentive Stock Option but fails to be such for any reason, it shall continue in full force and effect as a Nonqualified Stock Option.

  • Each Option agreement shall state whether or not the Option will be treated as an Incentive Stock Option or Nonqualified Stock Option.

  • The period during which an option may be exercised shall be determined by the Committee; provided, however, that no Incentive Stock Option or Nonqualified Stock Option shall be exercised later than ten years after its date of grant; provided further, that if an Incentive Stock Option shall be granted to a Ten Percent Holder, such option shall not be exercised later than five years after its date of grant.

  • No Incentive Option or Nonqualified Stock Option shall be granted pursuant to the Plan ten years after the Effective Date.

  • To determine the number of shares of Common Stock covered by an Option or Stock Award; determine whether an Option shall be an Incentive Stock Option or Nonqualified Stock Option; and determine such other terms and conditions, not inconsistent with the terms of the Plan, of each such Option or Stock Award.

  • The Committee shall specify whether such Option is an Incentive Stock Option or Non-qualified Stock Option.

Related to Option or Nonqualified Stock Option

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Non-Qualified Stock Option means any Stock Option that is not an Incentive Stock Option.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

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

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her Option.