Common use of Designation of Option as an Incentive Clause in Contracts

Designation of Option as an Incentive. Stock Option or a Non-Qualified Stock Option. The Committee will designate at the time an Option is granted whether the Option is to be treated as an Incentive Stock Option or a Non-Qualified Stock Option. In the absence, however, of any such designation, such Option shall be treated as a Non-Qualified Stock Option.

Appears in 4 contracts

Samples: Universal Corp /Va/, Universal Corp /Va/, Universal Corp /Va/

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Designation of Option as an Incentive. Stock Option or a Non-Qualified Stock Option. The Committee will designate at the time an Option is granted whether the Option is to be treated as an Incentive Stock Option or a Non-Non- Qualified Stock Option. In the absence, however, of any such designation, such Option shall be treated as a Non-Qualified Stock Option.

Appears in 2 contracts

Samples: Universal Corp /Va/, Universal Corp /Va/

Designation of Option as an Incentive. Stock Option or a Non-Qualified --------------------------------------------------------------------- Stock Option. The Committee will designate at the time an Option is granted ------------ whether the Option is to be treated as an Incentive Stock Option or a Non-Non- Qualified Stock Option. In the absence, however, of any such designation, such Option shall be treated as a Non-Qualified an Incentive Stock Option.

Appears in 2 contracts

Samples: United Financial Banking Companies Inc, United Financial Banking Companies Inc

Designation of Option as an Incentive. Stock Option or a Non-Qualified Stock Option. The Committee will designate at the time an Option is granted whether the Option is to be treated as an Incentive Stock Option or a Non-Qualified Stock Option. In the absence, however, of any such designation, such Option option shall be treated as a Non-Qualified Stock Option.

Appears in 1 contract

Samples: Virginia First Financial Corp

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Designation of Option as an Incentive. Stock Option or a NonSTOCK OPTION OR NON-Qualified Stock OptionQUALIFIED STOCK OPTION. The Committee will designate at the time an Option is granted whether the Option is to be treated as an Incentive Stock Option or a Non-Qualified Stock Option. In the absence, however, of any such designation, such Option shall be treated as a Non-Qualified Stock Option.

Appears in 1 contract

Samples: Republic Services Inc

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