Discount Option definition

Discount Option shall have the meaning specified in Section 4.14. ---------------

Discount Option means an Option granted under this Plan that has an exercise price less than the aggregate Fair Market Value of the Common Stock subject to such Option on the Date of Grant of such Option, but not less than the aggregate par value of such shares.

Discount Option means an option granted under this Plan that (1) either is not intended to be or is not denominated as an Incentive Option, or that does not qualify as an incentive stock option under Section 422 of the Code, and (2) that has an exercise price that is less than the aggregate Fair Market Value of the Option Shares on the date of grant of such option, but not less than the greater of (a) 50% of the aggregate

Examples of Discount Option in a sentence

• The Discount Option may also result in additional state income, penalty and interest charges to the Participant.

• The Discount Option may also result in additional state income, penalty and interest charges to Participant.

• The Transferor shall also have the option of increasing, reducing or withdrawing the Discount Option Percentage, at any time and from time to time, without notice to or the consent of any Noteholder, on or after such Discount Option Date.

• The aggregate amount of Discount Option Receivables outstanding on any Date of Processing occurring on or after the initial Discount Option Date shall equal (a) the aggregate Discount Option Receivables at the end of the prior Date of Processing, plus (b) any new Discount Option Receivables created on such Date of Processing, minus (c) any Discount Option Receivables Collections received on such Date of Processing.

• The Transferor shall provide to the Servicer, the Owner Trustee, the Indenture Trustee and any Note Rating Agency 30 days prior written notice of the Discount Option Date and any such designation or increase, reduction or withdrawal.

More Definitions of Discount Option

Discount Option means any option the Exercise Price of which is less than the Fair Market Value of the Stock on the date of grant of such option.

Discount Option shall have the meaning specified in Section 2.8(c).

Discount Option means a stock option issued under the Company's 1991 Nonstatutory Stock Option Plan or any successor plan adopted by the Company on similar terms (the "Option Plan"). Each Discount Option (a) shall be governed by the terms of the Option Plan, (b) shall have a term of ten years, subject to termination as provided in the Option Plan, (c) shall be granted at an exercise price of $2.50 per share, subject to adjustment as provided in the Option Plan (adjusted to $1.25 upon 2:1 stock split effective May 1, 1996), (d) shall be granted on the date the conditions of this Plan for payment of the Annual Award are satisfied, including the Committee's determination of the amount of the Annual Award, (e) shall be exercisable in full six months and one day after the date of grant or on such longer vesting schedule as the Committee shall determine, and (f) shall be deemed to have a value equal to the difference between the

Discount Option means the Company's option under Section --------------- 2.11 of the Pooling and Servicing Agreement.

Discount Option in relation to calculations relating to the CPS, means the option of the relevant CPS Holder to elect, subject to regulatory approval as may be required in connection with the IPO, to receive IPO Company Ordinary Shares on conversion of the CPS at a conversion price lower than the offer price applying to investors acquiring IPO Public Shares in the IPO;

Discount Option has the meaning set forth in Section 2.9(b).

Discount Option means the Transferor’s option to designate at any time all or any specified portion of Principal Receivables existing on or after a Discount Option Date to be treated as Finance Charge Receivables pursuant to Section 2.12.