Qualified Option definition

Qualified Option means any Option that is intended to qualify as an "incentive stock option" within the meaning of Section 422 of the Code.

Qualified Option means a stock option granted under this Plan which qualifies as an incentive stock option under Section 422 of the Code.

Qualified Option means a stock option granted pursuant to Section 6 that is intended to qualify as an incentive stock option under Section 422 of the Code.

Examples of Qualified Option in a sentence

• The Committee may specify that any Non- Qualified Option shall be subject to the restrictions set forth herein with respect to ISOs, or to such other termination and cancellation provisions as the Committee may determine.

• The immediately preceding sentence shall not apply to any Qualified Option, to the extent such application would result in disqualification of the option under Sections 421 and 422 of the Code.

• The preceding provisions of this paragraph shall not apply to any Qualified Option to the extent such application would result in disqualification of the option as an incentive stock option under Sections 421 and 422 of the Code.

• Neither the Corporation, its directors, officers or employees or the Committee, nor any Subsidiary which is in existence or hereafter comes into existence, shall be liable to any Participant or other person if it is determined for any reason by the Internal Revenue Service or any court having jurisdiction that any Qualified Option granted hereunder does not qualify for tax treatment as an incentive stock option under Section 422 of the Code.

• Notwithstanding the foregoing, in the event of a modification, extension or renewal of a Qualified Option, the Board or the Committee may increase the exercise price of such Option if necessary to retain the qualified status of such Option.

More Definitions of Qualified Option

Qualified Option granted pursuant to the Greater China Corporation 1996 Consultants Stock Option Plan dated September 4, 1996 (the "Plan").

Qualified Option means any portion of the Option that is considered qualified as of the Determination Date. The “Vesting Dates” are the first and second anniversaries of the Determination Date. Qualification through 2022 AEBITDA: If 2022 AEBITDA is less than $190 million, then as of the Determination Date the Option will lapse in its entirety without further consideration. If 2022 AEBITDA is $200 million or more, then as of the Determination Date the Option will become a Qualified Option with respect to all Shares subject to the Option. If 2022 AEBITDA is $190 million or more but not more than $200 million, then as of the Determination Date (i) the Option will become a Qualified Option with respect to a portion of the Shares subject to the Option, such portion calculated as the product of the total number of Shares subject to the Option and a fraction, the numerator of which is the amount by which 2022 AEBITDA exceeds $190 million and the denominator of which is $10 million; and (ii) the Option will lapse without further consideration with respect to any Shares subject to the portion of the Option that does not become a Qualified Option. Vesting through Continued Service: Except as otherwise set forth herein or in any Separate Arrangement, the Qualified Option will vest on the first scheduled Vesting Date (i.e., the first anniversary of the Determination Date) with respect to 50% of the Shares subject to the Qualified Option, and on the second scheduled Vesting Date (i.e., the second anniversary of the Determination Date) with respect to the remaining 50% of the Shares subject to the Qualified Option, provided, however, that:

Qualified Option means an option granted under Article VI which is designated by the Committee as a Qualified Option and for which the Code provides for either or both deferral of taxation on exercise or a lower effective rate of tax on recognition of gain than would be available in respect of a Non-Qualified Option.

Qualified Option means a stock option described in Section 422(b) of the U.S. Internal Revenue Code of 1986, as amended.

Qualified Option means any Option that is intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Code. The Committee shall cause each Option granted hereunder to be clearly designated in the Option Agreement, at the time of grant, as to whether or not it is intended to be a Qualified Option.

Qualified Option means a stock option granted under the French Options Sub-Plan to:

Qualified Option means any Option that is intended to qualify, or that does qualify, as an "incentive stock option" within the meaning of Section 422 of the Code.