Incentive Share Option definition

Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

Incentive Share Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code.

Incentive Share Option or “ISO” hereinafter means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code, as designated in the applicable Award Agreement.

Examples of Incentive Share Option in a sentence

• During a Participant’s lifetime, an Incentive Share Option may be exercised only by the Participant.

• The Participant shall give the Company prompt notice of any disposition of Shares acquired by exercise of an Incentive Share Option within (i) two years from the date of grant of such Incentive Share Option or (ii) one year after the transfer of such Shares to the Participant.

• No Award of an Incentive Share Option may be made pursuant to this Plan after the tenth anniversary of the Effective Date.

• The exercise price of an Incentive Share Option shall be equal to the Fair Market Value on the date of grant.

• Notwithstanding the provisions of this Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would cause an Incentive Share Option to fail to qualify as an incentive share option under Section 422 of the Code.

More Definitions of Incentive Share Option

Incentive Share Option means an Option that is intended to be, and that qualifies as, an “incentive stock option” within the meaning of Section 422 of the Code.

Incentive Share Option means any Share Option designated and qualified as an “incentive stock option” as defined in Section 422 of the Code.

Incentive Share Option means an Option which is intended by the Committee to constitute an “incentive stock option” under Section 422 of the Code.

Incentive Share Option means an “incentive stock option” within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted tax statute, as amended from time to time.

Incentive Share Option means an Option intended to, and which does, in fact, qualify as an incentive share option within the meaning of Section 422 of the Code.

Incentive Share Option or “ISO” means an Option that by its terms qualifies and is otherwise intended to qualify as an Incentive Share Option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

Incentive Share Option means an Option that is designated by the Committee as an Incentive Share Option as described in Section 422 of the Code and otherwise meets the requirements set forth in this Plan.