Incentive Share Option definition

Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

Incentive Share Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code.

Incentive Share Option or “ISO” hereinafter means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code, as designated in the applicable Award Agreement.

Examples of Incentive Share Option in a sentence

• An Incentive Share Option is not transferable except by will or by the laws of descent and distribution and will be exercisable during the lifetime of the Optionholder only by the Optionholder.

• Notwithstanding the foregoing, the Company will have no liability to any Participant or any other person if an Option designated as an Incentive Share Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of the Option do not satisfy the requirements of Section 409A of the Code.

• Any Related Right that relates to an Incentive Share Option must be granted at the same time the Incentive Share Option is granted.

• Subject to the provisions of Section 5.2 regarding Ten Percent Shareholders, the Option Exercise Price of each Incentive Share Option must not be less than 100% of the Fair Market Value of the Class C Share subject to the Option on the Grant Date.

• Subject to the provisions of Section 5.2 regarding Ten Percent Shareholders, no Incentive Share Option may be exercisable after the expiration of 10 years from the Grant Date.

More Definitions of Incentive Share Option

Incentive Share Option means an Option that is intended to be, and that qualifies as, an “incentive stock option” within the meaning of Section 422 of the Code.

Incentive Share Option means any Share Option designated and qualified as an “incentive stock option” as defined in Section 422 of the Code.

Incentive Share Option means an Option which is intended by the Committee to constitute an “incentive stock option” under Section 422 of the Code.

Incentive Share Option means an “incentive stock option” within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted tax statute, as amended from time to time.

Incentive Share Option means an Option intended to, and which does, in fact, qualify as an incentive share option within the meaning of Section 422 of the Code.

Incentive Share Option or “ISO” means an Option that by its terms qualifies and is otherwise intended to qualify as an Incentive Share Option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

Incentive Share Option means an Option that is designated by the Committee as an Incentive Share Option as described in Section 422 of the Code and otherwise meets the requirements set forth in this Plan.