Type of Options. Non-qualified --------------- Structure: To be granted pursuant to the Company's 2000 --------- Non-qualified Stock Option Plan (the "Year 2000 Plan"), which is to be amended to provide for additional shares effective as of the Effective Date. Reserved shares under the Company's charter exceed those that are authorized and unissued on date of grant pending amendment of the Certificate of Incorporation. Voting agreements to amend the Certificate of Incorporation will be obtained from the Series D investors. Option Term: 7 years from date of grant provided that ----------- options are vested. Exercise period will not be reduced by termination of employment.
Type of Options. The Board or the Stock Option Committee is authorized to issue Incentive Stock Options ("ISOs") which meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), which options are hereinafter referred to collectively as ISOs, or singularly as an ISO. The Board or the Stock Option Committee is also, in its discretion, authorized to issue options which are not ISOs, which options are hereinafter referred to collectively as Non Statutory Options ("NSOs"), or singularly as an NSO. The Board or the Stock Option Committee is also authorized to issue "Reload Options" in accordance with Paragraph 8 herein, which options are hereinafter referred to collectively as Reload Options, or singularly as a Reload Option. Except where the context indicates to the contrary, the term "Option" or "Options" means ISOs, NSOs and Reload Options.
Type of Options. Non-Qualified, ten-year options
Type of Options. All options issued pursuant to this Agreement shall be NSOs." * * * * * * * *
Type of Options. To the extent possible under the Code, the options granted to the P1 Grantees on the Effective Date (the “Options”) shall be incentive stock options within the meaning of Code Section 422.
Type of Options. Options covered by the award are non-qualified stock options under the applicable provisions of the Internal Revenue Code.
Type of Options. Pursuant to Section 1 of the Option Agreement, Optionee was granted incentive stock options to purchase shares of Class A common stock of Hawk. The parties hereby agree to change the type of option granted under the Option Agreement from incentive stock options to non-statutory stock options. Accordingly, all references to Incentive Stock Options in the Option Agreement are deleted and replaced with references to Non-Statutory Stock Options. In addition, the following sentence is deleted in its entirety from Section 1 of the Option Agreement: "The Incentive Stock Options are 'incentive stock options' within the meaning of Section 422 of the Code" and the following sentence is added to the end of Section 1: "The Non-Statutory Stock Options are not 'incentive stock options' within the meaning of Section 422 of the Code."
Type of Options. Hawk and Optionee confirm that the Non-Statutory Stock Options are not 'incentive stock options' within the meaning of Section 422 of the Code. 2.
