Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

Nonstatutory Option or “NSO” shall mean an employee stock option that is not an ISO.

Nonstatutory Option means any Option that is not an Incentive Option.

Examples of Nonstatutory Option in a sentence

The Stock Option Agreement shall also specify whether the Option is an ISO or a Nonstatutory Option.
If, for any reason, an entire Option does not qualify as an Incentive Stock Option by reason of exceeding such maximum, such Option shall be considered a Nonstatutory Option.
Should it be determined that an Incentive Stock Option granted under the Plan exceeds such maximum for any reason other than a failure in good faith to value the Stock subject to such option, the excess portion of such option shall be considered a Nonstatutory Option.
If the applicable Stock Option Agreement so provides, a Nonstatutory Option shall also be transferable by gift or domestic relations order to a Family Member of the Optionee.
Any shares of Stock which would cause the foregoing limit to be violated shall be deemed to have been granted under a separate Nonstatutory Option, otherwise identical in its terms to those of the Incentive Option.

More Definitions of Nonstatutory Option

Nonstatutory Option means an Option that is not an ISO.

Nonstatutory Option means any Option other than an Incentive Stock Option.

Nonstatutory Option or “NSO” shall mean an employee stock option not described in Sections 422(b) or 423(b) of the Code.

Nonstatutory Option means an Option granted under the Plan which is not intended to qualify as an Incentive Stock Option within the meaning of section 422A of the Code. Nonstatutory Options may be granted at such times and subject to such restrictions as the Board shall determine without conforming to the statutory rules of section 422A of the Code applicable to Incentive Stock Options.

Nonstatutory Option or “NSO” means an employee stock option that is not an ISO.

Nonstatutory Option means a stock option that does not satisfy the requirements of Section 422 of the Code or that is designated at the Date of Grant or in the applicable Award Agreement to be an option other than an Incentive Option.

Nonstatutory Option means an Option that does not qualify as an incentive stock option as described in Code Section 422(b) or 423(b).