Performance Option definition

Performance Option means an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.

Performance Option means the right and option to purchase, on the terms and conditions set forth herein, all or any part of an aggregate of the number of shares of Common Stock set forth on the signature page hereof opposite the term Performance Option.

Performance Option means an Option with respect to which the commencement of exercisability is governed by Section 3.1(b) hereof.

Examples of Performance Option in a sentence

• The 380,174 shares subject to the Performance Option equal 8% of the entire number of shares outstanding on January 1, 1998.

• Any part of the Performance Option not earlier exercised or terminated will terminate at the close of business on June 30, 2005.

• The shareholders of Oglebay Norton approved the Performance Option at the 1998 Annual Meeting.

• Performance Option: For these reasons, we recommend that either there be a demonstration that the Prescriptive Option generally assures energy efficiency improvements as great as the Performance Option or that the Prescription Option be limited to very few buildings.

• For EA Prerequisite Minimum Energy Performance, Option 3, the energy performance target must be established using ENERGY STAR’s Target Finder and must be greater than a score of .

More Definitions of Performance Option

Performance Option means any Option that is granted to a Participant and is designated as a Performance Option pursuant to Section 6(a)(v).

Performance Option means the performance options made available from time to time for selection by Participants to measure the return (positive or negative) to be attributed to Deferred Amounts.

Performance Option means the performance option(s) designated by the Plan Administrator (from time to time in its sole discretion) to measure the Return to be credited (or debited) to a Participant’s Account Balance; provided, that the Plan Administrator may change or amend such designated performance option(s) at any time in its sole discretion.

Performance Option means an Option granted under the Plan which becomes exercisable, or for which the period of exercisability is accelerated, upon the satisfaction of certain performance criteria established by the Committee and set forth in the Award Agreement evidencing such option.

Performance Option means an Option the exercise of which is normally subject to attainment of a Performance Target;

Performance Option means that portion of the Option granted to the Optionee hereunder that becomes vested and exercisable pursuant to Section 3.1(b) of this Award.

Performance Option means any NQSO which is designated as a Performance Option and is subject to the performance vesting provisions set forth in Section 9(d) and the Stock Option Agreement.