Director Option means an Option granted pursuant to Section 6.
Director Option means a Nonstatutory Stock Option granted to each Eligible Director pursuant to Section 6.7 without any action by the Board or the Committee.
Director Option means a right to purchase shares of Common Stock granted to a Non-Employee Director pursuant to Section 7 hereof.
Examples of Director Option in a sentence
Any Director Option not exercised before the Expiry Date will automatically lapse on the Expiry Date.
A Director Option does not confer the right to a change in exercise price or a change in the number of underlying securities over which the Director Option can be exercised.
A Director Option is a Non-Qualified Stock Option granted to a Non-Employee Director.
Each Director Option gives the Optionholder the right to subscribe for one Share.
A Notice of Exercise is only effective on and from the later of the date of receipt of the Notice of Exercise and the date of receipt of the payment of the Exercise Price for each Director Option being exercised in cleared funds (Exercise Date).
More Definitions of Director Option
Director Option means a Non-Qualified Stock Option granted to each Eligible Director pursuant to Section 6(e) without any action by the Board or the Committee.
Director Option means a nonqualified stock option granted to a Director under the terms of this Plan.
Director Option means the right to purchase a share of Common Stock upon exercise of an option granted pursuant to Paragraph 11.
Director Option means a Nonqualified Stock Option granted to a Nonemployee Director pursuant to paragraph 9 hereof.