Incentive Option definition

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.

Incentive Option means an option which satisfies the requirements of Code Section 422.

Incentive Option means an Option that is intended to comply with the requirements set forth in Section 422 of the Code.

Examples of Incentive Option in a sentence

• Each document evidencing an Incentive Option shall, in addition, be subject to the provisions of the Plan applicable to such options.

• If any Employee to whom an Incentive Option is granted is a 10% Stockholder, then the exercise price per share shall not be less than one hundred ten percent (110%) of the Fair Market Value per share of Common Stock on the option grant date, and the option term shall not exceed five (5) years measured from the option grant date.

• The aggregate Fair Market Value, determined as of the date the Incentive Option is granted, of Stock for which Incentive Options are exercisable for the first time by any Optionee during any calendar year under the Plan (and/or any other stock option plans of the Company or any Subsidiary) shall not exceed $100,000.

• No Incentive Option may be exercised on or after the tenth anniversary of the Grant Date, or on or after the fifth anniversary of the Grant Date if the Optionee is a Ten Percent Owner.

• Any shares of Stock which would cause the foregoing limit to be violated shall be deemed to have been granted under a separate Nonstatutory Option, otherwise identical in its terms to those of the Incentive Option.

More Definitions of Incentive Option

Incentive Option means an option to purchase Stock granted under this Plan which is designated as an "Incentive Option" and satisfies the requirements of Section 422 of the Code.

Incentive Option means an option that satisfies the requirements of Code Section 422.

Incentive Option means an Option that is designated by the Administrator as an Incentive Option pursuant to Section 7 and intended to meet the requirements of incentive stock options under Code Section 422.

Incentive Option means any option which satisfies the requirements of Section 422 of the Code and is granted pursuant to Article III of the Plan.

Incentive Option means an incentive stock option as defined under Section 422 of the Code and regulations thereunder.

Incentive Option means an Option designated as such and granted in accordance with Section 422 of the Code.

Incentive Option means a Stock Option granted under the Plan which both is designated as an Incentive Option and qualifies as an incentive stock option within the meaning of Section 422 of the Code.