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.

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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 Adjusted Options are intended to provide the current and former officers, directors and employees of RTC and its subsidiaries with opportunities to purchase stock in the Company pursuant to options granted hereunder which qualify as "incentive stock options" under Section 422(b) of the Internal Revenue Code of 1986 (the "Code") ("ISO" or "ISOs") and options granted hereunder which do not qualify as ISOs ("Non- Qualified Option" or "Non-Qualified Options").

• This Option is intended to be a Non- Qualified Option (rather than an incentive stock option), and the Board of Directors intends to take appropriate action, if necessary, to achieve this result.

• It is intended that the Qualified Option shall be an Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”).

• This provision supplements Section 5 (Early Termination of Option) of the Option Agreement: Notwithstanding any post-termination exercise period provided for herein or in the Plan, the Option will qualify as an Qualified Option only if it is exercised within the applicable exercise periods for Qualified Options under, and meets all of the applicable requirements of, the Code.

• The Company hereby grants to the Optionee as of the Effective Date under the Consulting Agreement (the “Grant Date”) the right and option (the "Qualified Option") to purchase 100,000 Shares, in whole or in part (the "Qualified Option Stock"), at an exercise price of One Dollar and Ten Cents ($1.10) per Share, on the terms and conditions set forth in this Agreement and subject to all provisions of the Plan.

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.

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, or that does qualify, as an "incentive stock option" within the meaning of Section 422 of the Code.

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

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.