Non-Statutory Stock Option definition

Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.

Non-Statutory Stock Option means any Stock Option that is not an Incentive Stock Option.

Non-Statutory Stock Option means an Option other than an Incentive Stock Option.

Examples of Non-Statutory Stock Option in a sentence

• The Committee may designate whether an Option is to be considered an Incentive Stock Option or a Non-Statutory Stock Option.

• If an Incentive Stock Option is exercised after the expiration of the exercise periods that apply for purposes of Code Section 422, such Option shall thereafter be treated as a Non-Statutory Stock Option.

• To the extent an Option granted to a Participant exceeds this limit, the Option shall be treated as a Non-Statutory Stock Option.

• To the extent that any Incentive Stock Option (or portion thereof) granted under this Plan ceases for any reason to qualify as an “incentive stock option” for purposes of Section 422 of the Code, such Incentive Stock Option (or portion thereof) will continue to be outstanding for purposes of this Plan but will thereafter be deemed to be a Non-Statutory Stock Option.

• If reemployment is not so provided, then on the date six months following the first day of such leave, any Incentive Stock Option held by the Participant shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Non-Statutory Stock Option.

More Definitions of Non-Statutory Stock Option

Non-Statutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

Non-Statutory Stock Option means an Option which is not an Incentive Stock Option.

Non-Statutory Stock Option means an Option which does not qualify as an Incentive Stock Option.

Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of this Plan that is not intended to meet the requirements of or does not qualify as an Incentive Stock Option.

Non-Statutory Stock Option means an option to purchase shares of Common Stock which is not an Incentive Stock Option.

Non-Statutory Stock Option means a stock option granted to a Participant pursuant to the terms of the Plan but which is not intended to be and is not identified as an Incentive Stock Option or a stock option granted under the Plan which is intended to be and is identified as an Incentive Stock Option but which does not meet the requirements of Section 422 of the Code.

Non-Statutory Stock Option means an Option that is not intended to be an Incentive Stock Option.