Director Stock Option definition

Director Stock Option means any option to purchase shares of Stock granted pursuant to Section 7.

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Director Stock Option means any option to purchase Shares granted pursuant to Section 6 to an Outside Director.

Director Stock Option means a grant of a Nonqualified Stock Option to a Non-Employee Director under Section 7 of the Plan.

Examples of Director Stock Option in a sentence

To the extent the terms of this Agreement or the Nonemployee Director Stock Option Acceptance Agreement are inconsistent with the Plan, the provisions of the Plan shall control and supersede any inconsistent provision of this Agreement.
The Company, in accordance with the terms and conditions of the 1996 Non-Employee Director Stock Option Plan of the Company (the "Plan"), grants as of November 30, 2004 to the Optionee an option to purchase an aggregate of 2,000 shares of the Common Stock, $1.00 par value per share, of the Company ("Common Stock"), at $6.70 per share, being 100% of the fair market value of such shares of Common Stock on such date.
The Company, in accordance with the terms and conditions of the 1996 Non-Employee Director Stock Option Plan of the Company (the "Plan"), grants as of November 14, 2003 to the Optionee an option to purchase an aggregate of 2,000 shares of the Common Stock, $1.00 par value per share, of the Company ("Common Stock"), at $4.85 per share, being 100% of the fair market value of such shares of Common Stock on such date.
This Agreement and the Nonemployee Director Stock Option Acceptance Agreement shall be construed, administered and governed in all respects under and by the applicable laws of the State of Delaware, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation to the substantive law of another jurisdiction.
You shall have no rights as a shareholder with respect to any Shares underlying this Option until such Shares have been duly issued and delivered to you in accordance with the terms of this Agreement and the Nonemployee Director Stock Option Acceptance Agreement, and no adjustment shall be made for dividends of any kind or description whatsoever or for distributions of rights of any kind or description whatsoever respecting such Shares except as expressly set forth in the Plan.

More Definitions of Director Stock Option

Director Stock Option means the Award of a Nonqualified Stock Option to Non-Employee Directors pursuant to Section 12.

Director Stock Option means an Option granted to an Eligible Director. Each Director Stock Option shall be a nonqualified stock option whose grant is not intended to fall under the provisions of Section 422A of the Code.

Director Stock Option means the right, granted to an Eligible Director, to purchase Common Stock at a stated price for a specified period of time. Each Director Stock Option shall be a nonqualified stock option whose grant is not intended to comply with the requirements of Section 422 of the Code or any successor Section as it may be amended from time to time.

Director Stock Option means a Nonqualified Option granted to Outside Directors pursuant to Section 7 of the Plan.

Director Stock Option means a Stock Option granted pursuant to Section 11.

Director Stock Option means a Nonqualified Stock Option granted to a Non-Employee Director pursuant to Section 2.1 of this Plan.

Director Stock Option means any option to purchase shares of Stock granted to an Outside Director.