Outstanding Incentive Option means any Incentive Stock Option which has not yet been exercised in full or has not yet expired by lapse of time;
Incentive Option means an option which satisfies the requirements of Code Section 422.
Aggregate Option Exercise Price means an amount equal to the aggregate dollar amount of the exercise price on all Company Options outstanding immediately prior to the Effective Time.
Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.
Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.
Director Option means an Option granted pursuant to Section 6.
Nonqualified Option means any Option that is not an Incentive Stock Option.
SAR means a stock appreciation right granted under the Plan.
Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.
Employee Option means an Option granted pursuant to Section 5.
Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.
Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.
Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.
Eligible Shares has the meaning set forth in Section 4.1(a).
Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).
Option Grant Date means, as to any Stock Option, the latest of:
Company Stock Option means any option to purchase Company Common Stock granted under any Company Stock Plan.
SARS means the South African Revenue Service.
Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.
Tandem SAR means an SAR that is granted in connection with a related Option pursuant to Article 7 herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be canceled).
Vested Option means any Option, which has already been vested according to the Vesting Dates.
Date of Option Grant means ____________, 199_.
Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.
Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.
Deferred Stock Award means Awards granted pursuant to Section 8.
option-based award means an award under an equity incentive plan of options, including, for greater certainty, share options, share appreciation rights, and similar instruments that have option-like features;
Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".