Executive Stock Options definition

Executive Stock Options means the options to purchase Common Shares awarded to Option Executives pursuant to the Stock Option Plans.
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Executive Stock Options. With respect to Company stock options which have been granted to me under the terms of the Company’s 1992 Key Employee Long-Term Incentive Plan (“the LTIP”), and for which my right to exercise is vested immediately prior to my Termination Date, the Compensation Committee of the Board will act, pursuant to its authority under the Section 6.4(j) of the LTIP, to extend the post-termination exercise period for such vested stock options to March 21, 2006, but not beyond the expiration of the stated term of the applicable stock option.
Sample 1

Examples of Executive Stock Options in a sentence

  • To the extent that the Fair Market Value of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any individual during any calendar year (pursuant to the Plan and all other plans of the Company) exceeds $100,000, such options shall be treated as Executive Stock Options.

  • The Participant's Executive Stock Options shall expire unless exercised within one year from the date of such Termination.

  • A Participant's Executive Stock Options shall expire three months after the Termination's employment for any reason other than death, Disability or Retirement and shall be limited to the shares of Common Stock which could have been purchased by the Participant at the date of Termination of employment.

  • The exercise price for the Executive Stock Options shall be $20.00 per share.

  • Upon the Termination of a Participant's employment by reason of death, Disability or Retirement, Executive Stock Options held at the termination date by such Participant shall be exercisable, irrespective of whether the options were fully exercisable in accordance with Section 3.6 on that date.

  • Subject to the following provisions, all Executive Stock Options granted under the Plan shall be in such form and upon such terms and conditions as the Board, in its discretion, may from time to time determine, provided such terms and conditions are clearly designated at the time of grant.

  • Grants under the Plan may be in the form of incentive stock options (as described in Article II) ("Incentive Stock Options"), executive stock options (as described in Section III) ("Executive Stock Options") and/or restricted stock (as described in Section IV) ("Restricted Stock"), or any combination thereof.

  • The Board may, at any time on or before the termination of the exercise period of the Participant's Executive Stock Options, extend the exercise period if the Participant's employment is terminated for a reason specified in this Section 3.8. If so extended, the term of the exercise period shall expire on the date specified by the Board, which date shall be no later than the date which is sixty (60) months following the date of the Participant's Termination of employment.

  • Executive Stock Options granted under the Plan shall, at the time of grant, provide that they will not be treated as an incentive stock option within the meaning of Section 422 of the Code.

  • Subject to Sections 3.7, 3.8 and 5.13 hereof and the stock option agreement governing the grant of the Executive Stock Options, which may contemplate vesting of exercise rights, options may be exercised in whole or in one or more parts throughout such term.

Related to Executive Stock Options

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Executive Stock will continue to be Executive Stock in the hands of any holder other than Executive (except for the Company and the Investors and except for transferees in a Public Sale), and except as otherwise provided herein, each such other holder of Executive Stock will succeed to all rights and obligations attributable to Executive as a holder of Executive Stock hereunder. Executive Stock will also include shares of the Company's capital stock issued with respect to Executive Stock by way of a stock split, stock dividend or other recapitalization.

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

  • Cooperative Stock With respect to a Cooperative Loan, the single outstanding class of stock, partnership interest or other ownership instrument in the related Cooperative.

  • ISO means an employee incentive stock option described in Section 422(b) of the Code.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her Option.

  • Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.

  • NSO means a stock option not described in sections 422 or 423 of the Code.

  • NQSO means any Option that is not an ISO.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Employee Stock Purchase Plan means a plan that grants Purchase Rights intended to be options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.