Qualified Options definition

Qualified Options means all stock options, restricted stock, and other similar rights (a) granted to Employee prior to February 22, 2001 (whether vested or unvested), that entitle Employee to acquire NOVA Corp stock for a price per share equal to or greater than $17.92 (such options being converted by virtue of the Merger into the right to acquire stock of Parent); or (b) granted to Employee on or after February 22, 2001.
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Qualified Options means the Common Share purchase options granted under the Corporation's 1996 and 2000 Stock Option Plans, as amended, listed in Disclosure Letter and in each case being outstanding and unexercised on the Effective Date;
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Qualified Options means those certain options for the right to purchase up to 30,166 Common Shares issued to key employees acceptable to the Majority Purchasers and in the amounts, at the price and on other terms and conditions acceptable to the Majority Purchasers.
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Examples of Qualified Options in a sentence

  • Non- Qualified Options, Awards and authorizations to make Purchases may be granted to any employee, officer or director (whether or not also an employee) or consultant of the Company or any Related Corporation.

  • Qualified Options may be granted under Section 6 of the Plan to such Employees of the Corporation or its Subsidiaries as may be determined by the Board or the Committee.

  • Awards may be made under the Plan in the form of: (a) "Qualified Options" to purchase Stock, which are intended to qualify for certain tax treatment as incentive stock options under Sections 421 and 422 of the Code, (b) "Non-Qualified Options" to purchase Stock, which are not intended to qualify under Sections 421 through 424 of the Code, (c) Stock Appreciation Rights ("SARs"), or (d) "Restricted Stock".

  • If the Plan is not so approved by the stockholders of the Corporation, then any Options previously granted under the Plan will be Nonqualified Options, regardless of whether the option agreements relating thereto purport to grant Qualified Options.

  • Such actions may include, but shall not be limited to, extending the exercise period or reducing the exercise price of the appropriate installments of such ISOs. At the time of such conversion, the Committee (with the consent of the optionee) may impose such conditions on the exercise of the resulting Non- Qualified Options as the Committee in its discretion may determine, provided that such conditions shall not be inconsistent with this Plan.

  • Awards may be made under the Plan in the form of: (a) "Qualified Options" to purchase Stock that are intended to qualify for certain tax treatment as incentive stock options under Sections 421 and 422 of the Code, (b) "Non-Qualified Options" to purchase Stock that are not intended to qualify under Sections 421-424 of the Code, (c) Stock appreciation rights ("SARs"), or (d) "Restricted Stock".

  • Qualified Options granted under the Plan shall be exercisable at such time(s) and upon such terms and conditions as may be determined by the Committee.

  • Qualified Options may be granted only to persons who are employees of the Company or an Affiliate.

  • This Section 11 only provides the outer limits of allowable exercise dates with respect to Qualified Options; the Committee may determine that the exercise period for a Qualified Option shall have a shorter duration than as specified above.

  • The aggregate Fair Market Value (determined at the time the Qualified Option is granted) of the shares of Common Stock with respect to which Qualified Options are exercisable by the Participant for the first time during any calendar year, under this Plan or any other plan of the Company or any Affiliate, shall not exceed $100,000.


More Definitions of Qualified Options

Qualified Options means stock options that are intended to satisfy the requirements of section 1046 of the Code.
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Qualified Options granted shall enable Employee to purchase Employer shares at an option price equal to 110% of the market value of Employer's stock (as reasonably determined in good faith by Employer's Board of Directors using such market data as they, in their sole judgement, shall deem appropriate) as of the date the options are granted (the "Market Value"). Thus, the purchase price under the Qualified Options shall be the Market Value times 1.10 (the "Purchase Price"). Qualified Options shall be exercisable at any time for a period of five years from the date of grant. Non-Qualified Options shall enable Employee to purchase Employer shares at an option price equal to the market value of Employer's stock (as reasonably determined in good faith by Employer's Board of Directors using such market data as they, in their sole judgement, shall deem appropriate) as of the date the options are granted (the "Market Value") per share at any time for a period of fifteen years from the date of grant. Employee shall have the discretion to choose Qualified Options, Non-Qualified Options or a combination thereof but only within the parameters set herein. Qualified Options with an aggregate Purchase Price of up to but not exceeding $100,000 may be granted annually (the "Qualified Option Maximum"). If sufficient shares are not available under the Qualified Option Plan to grant the number of Qualified Options requested by Employee (which shall not exceed the Qualified Option Maximum) then Non-Qualified Options for all such shares as are available thereunder shall be granted to Employee.
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Qualified Options meansall stock options, restricted stock, and other similar rights (a) granted to Employee prior to the date hereof (whether vested or unvested), that entitle Employee to acquire NOVA Stock for a price per share equal to or greater than $17.92; or (b) granted to Employee on or after the date of this Agreement.
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Related to Qualified Options

  • Non-Qualified Option means an Option that is not an Incentive Stock Option.

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

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Non-Qualified Share Option means an Option that is not intended to be an Incentive Share Option.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Non-Qualified Stock Option means any Stock Option that is not an Incentive Stock Option.

  • SARS means the South African Revenue Service.

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

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

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Director Option means an Option granted pursuant to Section 6.

  • NQSO means any Option that is not an ISO.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

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

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Unrestricted Shares means a grant of Shares made on an unrestricted basis pursuant to Section 13 of the Plan.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.