Incentive Option. Incentive Option" means any Option designated and qualified as an "incentive stock option" as defined in Section 422 of the Code.
Incentive Option. An Option that is intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Code. An Incentive Option, or a portion thereof, shall not be invalid for failure to qualify under Section 422 of the Code, but shall be treated as a Nonqualified Option.
Incentive Option. If this Option is an Incentive Option, as designated in Section 3(b), it shall expire one day short of ten (10) years from the Grant Date, provided, however, for any Optionee who owns more than ten percent (10%) of the total combined voting power or value of all classes of stock of the Company, this Option shall expire one day short of five (5) years from the Grant Date.
Incentive Option. An Award in the form of an Option that shall comply with the requirements of Section 422 of the Code.
Incentive Option. The Option is intended to be Incentive Option.
Incentive Option. Concurrently with the execution of this Agreement, the Company shall grant Executive an option (the “Incentive Option”) to purchase 12,000,000 shares of the Company’s common stock at an exercise price equal to the fair market price of the Company’s common stock on the Effective Date. The Incentive Option shall vest according to the schedule set forth below, and will expire five (5) years after the date of grant:
Incentive Option. As soon as practicable as permitted under the American Stock Exchange (“AMEX”) rules and procedures relating to exceptions to the stockholder approval requirements for grants of stock options and other types of equity compensation awards to an individual not previously an employee or director of the granting company (the “AMEX Exception”), the Company will grant to Executive pursuant to the Commerce Energy Group, Inc. Fallquist Incentive Plan (the “Incentive Plan”) a non-qualified stock option (the “Incentive Option”) to purchase 125,000 shares of common stock, par value $0.001 per share, of the Company (the “Common Stock”). The Incentive Option shall be immediately vested and fully exercisable on the Option Grant Date. The exercise price per share shall be the Fair Market Value (as defined in the Incentive Plan).
Incentive Option. Optionee agrees that
Incentive Option. This Agreement is intended to grant an Option which meets all of the requirements of incentive stock options, as defined in Section 422A of the Internal Revenue Code. Subject to and upon the terms, conditions and provisions of the Plan, each and every provision of this Agreement shall be administered, construed and interpreted so that the Option granted herein shall so qualify as an incentive stock option. Each provision of this Agreement which would prevent this Option from qualifying as an incentive stock option, if any, shall be void.
Incentive Option. PHA may make PHA owned and/or operated units with gross rent(s) at or below 50% AMI available to SRAP TBRA participants. At the end of each fiscal year, DBHDS and PHA will verify the total number of PHA owned and/or operated units leased to new SRAP participants that have rents targeted to households with incomes at or below 50% of the area median income for the Fair Market Rent area in which PHA is located. PHA will receive a bonus payment in accordance with the schedule below: Total PHA Units With Rents At/Below 50% AMI Leased to New SRAP Participants Bonus Payment 1-5 $ 10,000 6-10 $ 22,000 11-15 $ 34,000 16-20 $ 48,000 Memorandum of Agreement for the State Rental Assistance Program Attachment A – Duties and Responsibilities of the Parties DBHDS ROLES/RESPONSIBILITIES: Activity
