Non-Statutory Stock Options. The Option granted hereunder is not intended to be an incentive stock option within the meaning of Section 422 of the Code.
Non-Statutory Stock Options. The Committee may, subject to the limitations of this Plan and the availability of shares of Common Stock reserved but not previously awarded under the Plan, grant Non-Statutory Stock Options to eligible individuals upon such terms and conditions as it may determine to the extent such terms and conditions are consistent with the following provisions:
Non-Statutory Stock Options. Simultaneously with the execution of this Agreement, the Executive will receive a three-year non-statutory stock option to purchase up to Two Hundred Fifty Thousand (250,000) shares of unregistered $0.001 par value common stock of the Company at a strike price equal to fair market value on the agreed date of grant ($1.267), which option shall vest in twelve (12) equal monthly installments starting on January 31, 2022 (the “NSO”). The Executive understands and acknowledges that the Executive will be required to pay taxes on the exercise of the non-statutory stock option and is advised to consult his own tax advisors as to the advisability of making a Section 83(b) Election (which must be done within thirty (30) days) and other tax consequences.
Non-Statutory Stock Options. Notwithstanding any provision of the Kaman Corporation 2003 Stock Incentive Plan, as amended (“SIP”) to the contrary, the unexercised portions of your vested Non-Statutory Options granted under the SIP may be exercised by you (or by the person(s) designated in your will or by your appointed legal representative in the event of your death) for the remainder of the term of such options as if you had remained continuously employed with the Company.
Non-Statutory Stock Options. So long as Xxxxx is employed by the Companies, he shall be eligible to receive, solely at the discretion of the Board of Directors of Trinity, Non-statutory (or non-qualified) Stock Options ("NSO's") for shares of common stock of Trinity (the "Shares"). Such NSO's shall vest and become exercisable in accordance with, and subject to, all the terms and restrictions of the Companies' 1998 Stock Option Plan, a copy of which is attached hereto and incorporated herein as Exhibit A. The Board of Directors of Trinity shall determine annually the number of shares, if any, to be granted to Xxxxx under the 1998 Stock Option Plan, based upon Xxxxx' performance. In the event that a change is the controlling interests in Trinity occurs, as defined in Section 8, then Xxxxx shall be entitled to a vested grant of options in the amount of 3,500 shares for each full year remaining under this contract.
Non-Statutory Stock Options. No income is recognized by a holder of Non-statutory Stock Options at the time Non-statutory Stock Options are granted under the Option Plan. In general, at the time shares of Common Stock are issued to a holder pursuant to exercise of Non-statutory Stock Options, the
Non-Statutory Stock Options. A participant will not have income upon the grant of a non-statutory stock option. A participant will have compensation income upon the exercise of a non-statutory stock option equal to the value of the stock on the day the participant exercised the option less the exercise price. Upon sale of the stock, the participant will have capital gain or loss equal to the difference between the sales proceeds and the value of the stock on the day the option was exercised. This capital gain or loss will be long-term if the participant has held the stock for more than one year and otherwise will be short-term.
Non-Statutory Stock Options. The Time-based Options are intended to be “Non-statutory Stock Options” and shall not be treated as “Incentive Stock Options” within the meaning of Section 422 of the Code.
Non-Statutory Stock Options. The Performance-based Options are intended to be “Non-statutory Stock Options” and shall not be treated as “Incentive Stock Options” within the meaning of Section 422 of the Code.
Non-Statutory Stock Options. The Committee may also grant Non-Statutory Stock Options. The option price may not be less than 100% of the fair market value of the Common Stock when the option is granted. The term of the option may not exceed ten years plus seven days, the purchase price will be paid as described in clause (3) above, the option will expire as described in clause (4) above, and the number of shares covered by options granted to any one employee in any fiscal year will be limited as described in clause (5) above.
