Nonemployee Director Option definition

Nonemployee Director Option means a right to purchase Stock (subject to adjustment as provided in Section 4.2) granted to a Nonemployee Director pursuant to the terms and conditions of Section 7. Nonemployee Director Options shall be Nonstatutory Stock Options.

Nonemployee Director Option means an Option granted to a Nonemployee Director pursuant to Section 7 of the Plan. Nonemployee Director Options shall be Nonstatutory Stock Options.

Nonemployee Director Option means a Director Fee Award in the form of Nonstatutory Stock Option granted pursuant to the terms and conditions of Section 10.

Examples of Nonemployee Director Option in a sentence

• Notwithstanding the foregoing, any person may elect not to receive a Nonemployee Director Option by delivering written notice of such election to the Board no later than the day prior to the date such Nonemployee Director Option would otherwise be granted.

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

• Each Nonemployee Director Option shall terminate and cease to be exercisable on the date ten (10) years after the date of grant of the Nonemployee Director Option unless earlier terminated pursuant to the terms of the Plan or the Option Agreement.

• The exercise price per share of Stock subject to a Nonemployee Director Option shall be the Fair Market Value of a share of Stock on the date the Nonemployee Director Option is granted.

• A person who has declined a Nonemployee Director Option may revoke such election by delivering written notice of such revocation to the Board no later than the day prior to the date such Nonemployee Director Option would be granted pursuant to Section 7.1(a) or (b), as the case may be.

More Definitions of Nonemployee Director Option

Nonemployee Director Option means a right to purchase Stock (subject to adjustment as provided in Section 4.2) granted to a Nonemployee Director pursuant to the terms and conditions of the Plan. Nonemployee Director Options shall be Nonstatutory Stock Options and shall be either an Initial Option or an Annual Option as described in Section 7.

Nonemployee Director Option means an Award described in Article IX of the Plan.

Nonemployee Director Option means a right to purchase Shares granted to a Nonemployee Director pursuant to the terms and conditions of Section 7. Nonemployee Director Options shall be NOSOs.

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

Nonemployee Director Option means an Option granted to a Nonemployee Director pursuant to Section 12.

Nonemployee Director Option means an Option granted to a Nonemployee Director.

Nonemployee Director Option means a Stock Option granted pursuant to Article VI of this Plan.