New Outside Director definition
New Outside Director means an Outside Director who becomes a Director after the effective date of the Plan, as amended and restated.
New Outside Director means an Outside Director who becomes a Director after the effective date of this Plan.
New Outside Director means an Outside Director who first becomes a Director at or after the Company’s 2003 annual meeting of stockholders.
Examples of New Outside Director in a sentence
Options granted by the Committee shall be designated as either (i) ISOs or (ii) NQSOs. In no event shall a New Outside Director, Non-Employee Director or Consultant receive an ISO unless otherwise permitted under the Code.
An Option to purchase 5,000 shares of Common Stock shall automatically be granted to each New Outside Director on the day such New Outside Director is first appointed by the Board to be a director; provided, that if a New Outside Director who previously received such an Initial Grant terminates his or her service as a director and is subsequently elected or appointed to the Board, such director shall not be eligible to receive a second Initial Grant.
More Definitions of New Outside Director
New Outside Director means a Non-Employee Director who (i) was not previously eligible to participate in this Plan and (ii) was not previously eligible to participate (whether as an employee, director or otherwise) in any other nonqualified deferred compensation plan sponsored by the Company or an affiliate, taking into account only nonqualified deferred compensation plans required to be aggregated with this Plan under Code Section 409A.
New Outside Director means a person who (i) is appointed or elected to the Board after January 1, 1993, (ii) will be a nonemployee director after such appointment or election and (iii) was not a member of the Board for a continuous period of one hundred eighty (180) days prior to such appointment or election. Such term does not include either (i) an employee director who terminates employment with the Company but remains a member of the Board or (ii) an employee director who terminates employment with the Company and is then reelected to the Board without there being an intervening period of one hundred eighty (180) days during which such person is not a member of the Board.
New Outside Director means an Outside Director who joins the Board after the Closing Date.
New Outside Director means an Outside Director who first becomes a Director at or after the Company's 1995 annual meeting of stockholders (which meeting took place on May 26, 1995).
New Outside Director means an Outside Director who joins the -------------------- Board after March 31, 1998.
New Outside Director means an Outside Director who becomes a Director after the effective date of the Company's initial public offering of its Common Stock.