Nonqualified Stock Option definition

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

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

Nonqualified Stock Option means an Option which is not designated by the Committee as an Incentive Stock Option.

Examples of Nonqualified Stock Option in a sentence

• If for any reason an Option intended to be an Incentive Stock Option (or any portion thereof) shall not qualify as an Incentive Stock Option, then, to the extent of such nonqualification, such Option or portion thereof shall be regarded as a Nonqualified Stock Option appropriately granted under the Plan.

• The transfer of a Nonqualified Stock Option may be subject to such terms and conditions as the Committee may in its discretion impose from time to time.

• Any Related Right that relates to a Non-qualified Stock Option may be granted at the same time the Option is granted or at any time thereafter but before the exercise or expiration of the Option.

• The Option Exercise Price of each Non-qualified Stock Option shall be not less than 100% of the Fair Market Value of the Common Stock subject to the Option on the Grant Date.

• To the extent that any Stock Option intended to qualify as an Incentive Stock Option does not so qualify, it shall constitute a separate Nonqualified Stock Option.

More Definitions of Nonqualified Stock Option

Nonqualified Stock Option means an Option other than an Incentive Stock Option.

Nonqualified Stock Option means an Option not intended to qualify as an Incentive Stock Option.

Nonqualified Stock Option means a Stock Option granted under Section 6 hereof that is not an Incentive Stock Option.

Nonqualified Stock Option means an option to purchase Shares which is not intended to be an Incentive Stock Option.

Nonqualified Stock Option or “NQSO” means an Option that is not intended to meet the requirements of Code Section 422, or that otherwise does not meet such requirements.

Nonqualified Stock Option means a stock option that is not intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Code.

Nonqualified Stock Option or “NQSO” means an option to purchase Shares granted under Article 6 herein and which is not intended to meet the requirements of Code Section 422.