Stock Option Committee definition

Stock Option Committee means the committee administering the Plan, pursuant to Article III hereof.

Stock Option Committee means the Stock Option Committee appointed by the Board. Prior to the appointment of such a committee, the Board shall be deemed the Stock Option Committee.

Stock Option Committee means the Compensation Committee of the Company, unless the Board strikes a separate committee, and in the absence of an empowered committee shall mean the Board.

Examples of Stock Option Committee in a sentence

• The options are exercisable at a price (not less than fair market value on the date of grant) and during a period determined by the Stock Option Committee.

• The Stock Option Committee of the Board of Directors, consistent with the terms of the Plan, will determine the types of awards to be granted, the terms and conditions of each award and the number of shares of common stock to be covered by each award.

• The Board has delegated administration of the 2000 Plan to the Compensation Committee of the Board, and the Compensation Committee has delegated administration of the 2000 Plan to the Non-Management Stock Option Committee with respect to certain option grants to employees who are not our executive officers.

• The Program was adopted by the Compensation and Stock Option Committee of the Board of Directors of National Western Life Group Inc.

• On May 7, 2008, the Company’s Stock Option Committee suspended implementation of the Stock Option Plan.

More Definitions of Stock Option Committee

Stock Option Committee means a committee of three or more members appointed by the Chief Executive Officer of the Company to administer the Non-Insider Program, each of whom is ineligible to receive grants or awards under the Non-Insider Program, and has been so ineligible for at least one year.

Stock Option Committee means the 2001 Employee Stock Option Plan Committee, which is a committee of the Board whose members are appointed by the Board from time to time. All of the members of the Stock Option Committee, which may not be less than two, are intended at all times to qualify as "outside directors" within the meaning of Section 162(m) of the Code, and as "Non-Employee Directors" within the meaning of Rule 16b-3; provided, however, that the failure of a member of such committee to so qualify will not be deemed to invalidate any Stock Option granted by such committee.

Stock Option Committee or "Committee" means the committee appointed by the Board as described under Section 16.

Stock Option Committee means the committee appointed to administer the Plan pursuant to Article 7 herein, if such committee is appointed.

Stock Option Committee means such Board committee as may be designated by the Board to administer the Plan.

Stock Option Committee means the Board, as defined in Section 2.1.

Stock Option Committee means the stock option committee appointed by the Board to grant and administer Options granted under Section 4.