Nonqualified Option definition

Nonqualified Option means any Option that is not an Incentive Stock Option.

Nonqualified Option means an option to purchase Stock granted under this Plan other than an Incentive Option.

Nonqualified Option means an Option granted under Section 7 that is not intended to qualify as an incentive stock option under Code Section 422.

Examples of Nonqualified Option in a sentence

• An SAR granted in connection with a Nonqualified Option may be granted either when the related Nonqualified Option is granted or at any time thereafter, including, in the case of any Nonqualified Option resulting from the conversion of an Incentive Stock Option to a Nonqualified Stock Option, simultaneously with or after the conversion.

• The term "Nonqualified Option" shall mean an Option intended by the Committee not to qualify as an "incentive stock option" under Section 422 of the Code.

• The Company hereby grants to the Participant a Nonqualified Option (the “Option” and any portion thereof, the “Options”) to purchase 210,000 Shares (such Shares, the “Shares”), on the terms and subject to the conditions set forth in this Agreement and as otherwise provided in the Plan.

• The Company hereby grants to the Participant a Nonqualified Option (the “Option” and any portion thereof, the “Options”) to purchase 225,000 Shares (such Shares, the “Shares”), on the terms and subject to the conditions set forth in this Agreement and as otherwise provided in the Plan.

• The Option Expiration Date under any Nonqualified Option shall not be later than ten years and one month from the date on which the Option is granted.

More Definitions of Nonqualified Option

Nonqualified Option means an Option granted under the Plan other than an Incentive Option.

Nonqualified Option or "NQO" means any Option, including a Deferred Compensation Option, granted pursuant to the Plan that is not an Incentive Stock Option.

Nonqualified Option means an Option that is not an Incentive Stock Option.

Nonqualified Option means an Option that is not an “incentive stock option” within the meaning of Section 422 of the Code and includes any Option designated or intended as a Nonqualified Option and any Option designated or intended as an Incentive Stock Option that fails to meet the applicable legal requirements thereof.

Nonqualified Option means any Option that is not a Qualified Option.

Nonqualified Option means an Option Right that is not intended to qualify as a Tax-Qualified Option.

Nonqualified Option means an option to purchase Common Stock of the Corporation which meets the requirements set forth in the Plan but does not meet the definition of an incentive stock option within the meaning of Section 422 of the Code. The stock option agreement for a Nonqualified Option shall state that the option is intended to be a Nonqualified Option.