Non-Qualified Option definition

Non-Qualified Option means an Option that is not an Incentive Stock Option.

Non-Qualified Option means any Option granted under this Plan which is not an Incentive Stock Option.

Non-Qualified Option means any Option other than an Incentive Option.

Examples of Non-Qualified Option in a sentence

• Subject to earlier termination as provided in paragraphs 9 and 10, the term of each ISO shall be the term set forth in the original instrument granting such ISO, except with respect to any part of such ISO that is converted into a Non-Qualified Option pursuant to paragraph 16.

• If the Committee determines to issue a Non-Qualified Option, it shall take whatever actions it deems necessary, under Section 422 of the Code and the regulations promulgated thereunder, to ensure that such Option is not treated as an ISO.

• The Committee may specify that any Non-Qualified Option shall be subject to the restrictions set forth herein with respect to ISOs, or to such other termination and cancellation provisions as the Committee may determine.

• Each Option intended to be a Non-Qualified Option shall be subject to the terms and conditions which the Administrator determines to be appropriate and in the best interest of the Company, subject to the following minimum standards for any such Non-Qualified Option: a.

• In granting any Non-Qualified Option, the Committee may specify that such Non-Qualified Option shall be subject to the restrictions set forth herein with respect to ISOs, or to such other termination and cancellation provisions as the Committee may determine.

More Definitions of Non-Qualified Option

Non-Qualified Option means an Option which is not an Incentive Stock Option and which is designated as a Non-Qualified Option by the Committee.

Non-Qualified Option means an Option not intended to be an Incentive Stock Option, and designated as a Non-Qualified Option.

Non-Qualified Option means an Option that is not an Incentive Option.

Non-Qualified Option means any option not intended to qualify as an Incentive Stock Option.

Non-Qualified Option means an option not intended to satisfy the requirements of Code Section 422 and which is granted pursuant to Article II of the Plan.

Non-Qualified Option means the right to purchase shares of Stock that is either (i) granted to a Participant who is not an Employee, or (ii) granted to an Employee and either is not designated by the Committee to be an ISO or does not satisfy the requirements of Section 422 of the Code.

Non-Qualified Option means an option which is not intended to qualify as an ISO.