Director Options definition

Director Options means Nonqualified Options granted to Nonemployee Directors pursuant to the applicable terms, conditions and limitations specified in paragraph 9(a) hereof.

Director Options means the outstanding options to acquire Shares granted to directors of the Company.

Director Options means options granted to Non-Employee Board Directors pursuant to Article 14 of the Plan, including Initial Director Options and Annual Director Options.

Examples of Director Options in a sentence

• Companies, particularly smaller ones new to apprenticeships, face challenges ensuring the needed rigor and consistency in the on-the-job training side of apprenticeships.

• Without any further action of the Board, each Non-Employee Director shall be granted Nonstatutory Stock Options as described in subsections 7(a) and 7(b) (collectively, "Non-Employee Director Options").

• If an Awardee’s cessation of service on the Board is due to death or disability (as determined by the Board), all Non-Employee Director Options of that Awardee, whether or not exercisable upon such Cessation Date, may be exercised at any time on or prior to the Expiration Date.

• All unvested Director Options shall be forfeited if the Nonemployee Director resigns as a Director without the consent of a majority of the other Directors.

• All Director Options shall vest and become exercisable in increments of one-third of the total number of shares of Common Stock that are subject thereto (rounded up to the nearest whole number) on the first and second anniversaries of the date of grant and of all remaining shares of Common Stock that are subject thereto on the third anniversary of the date of grant.

More Definitions of Director Options

Director Options means Company Options granted to an individual who, at the time of grant, was a member of the Board of Directors of the Company (including any such member who is also an employee of the Company).

Director Options means non-qualified Options awarded under Section 6.3.

Director Options means options granted hereunder to non-employee directors.

Director Options has the meaning assigned to such term in paragraph (A) of the Recitals.

Director Options as defined in Section 2.6.

Director Options means Nonqualified Options granted to Nonemployee Directors pursuant to and in accordance with Paragraph 9(b).

Director Options means the Options to be granted to Dr Rob Newman having the terms and conditions set out in in the Explanatory Memorandum and Annexure A;