Incentive Option definition

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

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

Examples of Incentive Option in a sentence

• The Option shall be designated as a Nonqualified Option or an Incentive Option as noted on the Grant Notice.

• If the Option is designated as an Incentive Option, (i) the Company makes no representation or guarantee that the Option will qualify as an incentive stock option within the meaning of Code Section 422 and (ii) if such Option does not qualify as an incentive stock option under Code Section 422, the Option (or portion thereof) shall be treated as a Nonqualified Option.

• To the extent that this Option is designated as an Incentive Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws of intestate succession or, in the Administrator’s discretion, such transfers (for no consideration) as may otherwise be permitted in accordance with Treas.

• To the extent that the Option is designated as an Incentive Option, the Participant understands that in order to obtain the benefits of an incentive stock option under Code Section 422, no sale or other disposition may be made of Shares for which incentive stock option treatment is desired within one year following the date of exercise of the Option or within two years from the Grant Date.

More Definitions of Incentive Option

Incentive Option means an Option that is intended to comply with the requirements set forth in 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 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 designated as such and granted in accordance with Section 422 of the Code.

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