Nonemployee Director Award definition

Nonemployee Director Award means any Award granted to a Nonemployee Director.

Nonemployee Director Award means any NQSO, SAR, or Full Value Award granted, whether singly, in combination, or in tandem, to a Participant who is a Nonemployee Director pursuant to such applicable terms, conditions, and limitations as the Board or Committee may establish in accordance with this Plan.

Nonemployee Director Award means a Nonstatutory Stock Option, Stock Appreciation Right, Restricted Stock Award or Restricted Stock Unit Award granted to a Nonemployee Director pursuant to Section 13 of the Plan.

Examples of Nonemployee Director Award in a sentence

• Subject to the requirements and limitations of Section 409A, if applicable, including as provided by Section 15.4(f), in the event of a Change in Control, each outstanding Nonemployee Director Award shall become immediately exercisable and vested in full and, except to the extent assumed, continued or substituted for pursuant to Section 13.1(b), shall be settled effective immediately prior to the time of consummation of the Change in Control.

• The terms and conditions of each Nonemployee Director Award shall comply with the applicable provisions of the Plan.

• A Nonemployee Director Award may be granted only to a person who, at the time of grant, is a Nonemployee Director.

• Subject to the requirements and limitations of Section 409A, if applicable, including as provided by Section 16.4(f), in the event of a Change in Control, each outstanding Nonemployee Director Award shall become immediately exercisable and vested in full and, except to the extent assumed, continued or substituted for pursuant to Section 14.1(b), shall be settled effective immediately prior to the time of consummation of the Change in Control.

• A person so declining a Nonemployee Director Award shall receive no payment or other consideration in lieu of such declined Nonemployee Director Award.

More Definitions of Nonemployee Director Award

Nonemployee Director Award means an Award granted to a Nonemployee Director pursuant to Section 7 of the Plan.

Nonemployee Director Award means any Award granted to a Nonemployee Director as compensation for service as a Non-Employee Director.

Nonemployee Director Award means any Award granted to a Nonemployee Director as described in Article 12 (Nonemployee Director Awards).

Nonemployee Director Award means any Award granted to a Participant who is a Nonemployee Director pursuant to such applicable terms, conditions, and limitations as the Board or Committee may establish in accordance with this Plan.

Nonemployee Director Award means any Award granted to a Nonemployee Director under Article 10.

Nonemployee Director Award means any NQSO, SAR or Full-Value Award granted, whether singly, in combination, or in tandem, to a Participant who is a Nonemployee Director pursuant to such applicable terms, conditions and limitations as the Board or Committee may establish in accordance with this Plan, including any Nonemployee Director Option or Nonemployee Director Shares granted pursuant to Article 11.

Nonemployee Director Award means an Option, Stock Award or Restricted Stock Unit Award granted to a Nonemployee Director pursuant to Section 9 of the Plan.