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

• If this Option is an Incentive Share Option and the Participant disposes of the Class A Ordinary Shares prior to the expiration of either two (2) years from the Grant Date or one (1) year from the date the shares are transferred to the Participant pursuant to the exercise of the Option, the Participant shall notify the Company in writing within thirty (30) days after such disposition of the date and terms of such disposition.

• If the Option is an Incentive Share Option, the Purchaser agrees to promptly notify the Chief Executive Officer at the Company if he or she transfers any of the Shares purchased pursuant to this Exercise Agreement within one (1) year from the date of exercise of the Option or within two (2) years from the Grant Date.

• The Option is intended to be either a Non-qualified Share Option (i.e., not an Incentive Share Option) or an Incentive Share Option within the meaning of Section 422 of the Code, as indicated above, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Share Option.

• If this Option is an Incentive Share Option, the Participant understands that in order to obtain the benefits of an Incentive Share Option, no sale or other disposition may be made of shares for which Incentive Share Option treatment is desired within one (1) year following the date of exercise of the Option or within two (2) years from the Grant Date.

• The Participant understands and agrees that the Company shall not be liable or responsible for any additional tax liability the Participant incurs in the event that the Internal Revenue Service for any reason determines that this Option does not qualify as an Incentive Share Option within the meaning of the Code.

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.