Option Grant Date definition

Option Grant Date means, as to any Stock Option, the latest of:

Option Grant Date means the date on which an Option is granted by the Board;

Option Grant Date means the first Business Day of each Offering Period of the Plan.

Examples of Option Grant Date in a sentence

• The number of shares subject to the Replacement Options will be adjusted for any stock splits, stock dividends, recapitalizations or similar transactions that may occur between the Expiration Date and the Replacement Option Grant Date.

• If the Company at any time after the Option Grant Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of shares of Common Stock obtainable upon exercise of this Option will be proportionately increased.

• Each Option shall expire and all rights thereunder shall end at the expiration of such period (which shall in no event be more than ten (10) years) after the Option Grant Date as shall be fixed by the Board, subject in all cases to earlier expiration as provided in Section 11 of this Plan document.

• Notwithstanding the foregoing, the term of each Incentive Option granted to an Employee who, at the time the Incentive Option is granted, owns stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary (determined as required by the Code as applied to Incentive Options) shall not be more than five (5) years from the Option Grant Date.

• If no sales of Common Stock were made on the Option Grant Date, the price of the Common Stock for purposes of clauses (i) and (ii) above shall be the reported price for the next preceding day on which sales were made.

More Definitions of Option Grant Date

Option Grant Date means the date upon which an Option is granted to a Non-Employee Director.

Option Grant Date means the date on which an Option is granted by the Board; (l) "Optioned Stock" shall mean the Common Stock subject to an Option granted pursuant to a Plan; (m) "Optionee" shall mean an Employee or other Eligible Person who receives an Option; (n) "Outstanding Incentive Option" shall mean any Incentive Stock Option which has not yet been exercised in full or has not yet expired by lapse of time; (o) "Parent" shall mean a "parent corporation" as defined in Section 424(e) of the Code; (p) "Plan A" shall mean the 1997 Incentive Stock Option Plan;

Option Grant Date means the date upon which the Committee grants an Option to an Optionee.

Option Grant Date means the date upon which an Option is granted to a Non-Employee Director except that for purposes of the Option granted as of the 1996 Annual Meeting, the Option Grant Date shall be on the effective date of the Stock Split.

Option Grant Date means the date Shares of Common Stock are granted to Participant as specified in each Notice of Stock Option Grant.

Option Grant Date means the date on which the Committee grants an Option pursuant to the provisions of the Plan.

Option Grant Date means May 5, 2000.