Stock Option definition

Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

Stock Option means any option to purchase shares of Stock granted pursuant to Section 5 below.

Stock Option or "Option" means any option to purchase shares of Stock which is granted pursuant to the Plan.

Examples of Stock Option in a sentence

• The Option is intended to be a Non-Qualified Stock Option, and is not intended to be an Incentive Stock Option.

• You will vest in 25% of the Option shares after 12 months of continuous service, and the balance will vest in equal monthly installments over the next 36 months of continuous service, as described in the applicable Stock Option Agreement.

• The Option shall be a Non-Qualified Stock Option and is intended to constitute an “employment inducement award” under Nasdaq Stock Market (“Nasdaq”) Rule 5635(c)(4), and consequently is intended to be exempt from the Nasdaq rules regarding shareholder approval of stock option plans or other equity compensation arrangements.

• In the event that the Stock Option is exercised by a person other than the Optionee, the Company will be under no obligation to deliver Shares hereunder unless and until it is satisfied as to the authority of such person to exercise the Stock Option and compliance with applicable securities laws.

• Notwithstanding the foregoing, with the consent of the Administrator, if the Option is a Non-Qualified Stock Option, it may be transferred to Permitted Transferees pursuant to any conditions and procedures the Administrator may require.

More Definitions of Stock Option

Stock Option or “Option” means any option to purchase shares of Common Stock granted to Eligible Individuals granted pursuant to Article VI.

Stock Option means an option granted under Section 5.

Stock Option means an Award granted under Section 5.

Stock Option means an option to purchase shares of Stock granted pursuant to Section 5.

Stock Option or "Option" means any option to purchase shares of Common Stock (including Restricted Stock, if the Committee so determines) granted pursuant to Section 5 below.

Stock Option or “Option” means any option to purchase shares of Common Stock granted to Eligible Employees, Non-Employee Directors or Consultants pursuant to Article VI.

Stock Option means an Award under Article IV or Article V of the Plan of an option to purchase Common Stock. A Stock Option may be either an Incentive Stock Option or a Nonqualified Stock Option.