Stock Option definition

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.

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Stock Option or "Option" means any option to purchase shares of Stock which is granted pursuant to the Plan.

Stock Option or “Option” means any option to purchase shares of Common Stock granted to Eligible Individuals granted pursuant to Article VI.

Examples of Stock Option in a sentence

• Unless earlier terminated, forfeited, relinquished or expired, the Stock Option will vest as follows: [ ].

• The term “vest” as used herein with respect to the Stock Option or any portion thereof means to become exercisable and the term “vested” with respect to the Stock Option (or any portion thereof) means that the Stock Option (or portion thereof) is then exercisable.

• The Stock Option may not be transferred except as expressly permitted under Section 6(a)(3) of the Plan.

• Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and must be in written or electronic form acceptable to the Administrator, signed (including by electronic signature) by the Participant or, if at the relevant time the Stock Option has passed to the estate or beneficiary of the Participant or a permitted transferee, such estate or beneficiary or permitted transferee.

• By accepting, or being deemed to have accepted, the Stock Option, the Participant agrees to be bound by the terms of the Plan and this Agreement.

More Definitions of Stock Option

Stock Option means any option to purchase shares of Stock granted pursuant to Section 5 below.

Stock Option means a Nonqualified Stock Option or an Incentive Stock Option.

Stock Option means an option granted under Section 5.

Stock Option means an Award granted under Section 5.

Stock Option means an option to purchase shares of Stock granted pursuant to Section 5.

Stock Option or "Option" means any option to purchase shares of Common Stock (including Restricted Stock, if the Committee so determines) granted pursuant to Section 5 below.

Stock Option or “Option” means any option to purchase shares of Common Stock granted to Eligible Employees, Non-Employee Directors or Consultants pursuant to Article VI.