Nonqualified Option definition

Nonqualified Option means any Option that is not an Incentive Stock Option.

Nonqualified Option means an option to purchase Stock granted under this Plan other than an Incentive Option.

Nonqualified Option means an Option granted under Section 7 that is not intended to qualify as an incentive stock option under Code Section 422.

Examples of Nonqualified Option in a sentence

• The Option shall be designated as a Nonqualified Option or an Incentive Option as noted on the Grant Notice.

• If the Option is designated as an Incentive Option, (i) the Company makes no representation or guarantee that the Option will qualify as an incentive stock option within the meaning of Code Section 422 and (ii) if such Option does not qualify as an incentive stock option under Code Section 422, the Option (or portion thereof) shall be treated as a Nonqualified Option.

• To the extent that this Option is designated as a Nonqualified Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws of intestate succession, except for transfers (for no consideration) if and to the extent permitted by the Administrator in a manner consistent with the registration provisions of the Securities Act.

More Definitions of Nonqualified Option

Nonqualified Option means an Option granted under the Plan other than an Incentive Option.

Nonqualified Option or "NQO" means any Option, including a Deferred Compensation Option, granted pursuant to the Plan that is not an Incentive Stock Option.

Nonqualified Option means an Option that is not an Incentive Stock Option.

Nonqualified Option means an Option that is not an “incentive stock option” within the meaning of Section 422 of the Code and includes any Option designated or intended as a Nonqualified Option and any Option designated or intended as an Incentive Stock Option that fails to meet the applicable legal requirements thereof.

Nonqualified Option means an option to purchase Common Stock of the Corporation which meets the requirements set forth in the Plan but does not meet the definition of an incentive stock option set forth in Section 422 of the Code.

Nonqualified Option means any Option that is not a Qualified Option.

Nonqualified Option means an Option Right that is not intended to qualify as a Tax-Qualified Option.