Qualified Stock Option definition

Qualified Stock Option means an Option intended to qualify as an incentive stock option within the meaning of section 422 of the Code, as designated in the applicable Stock Option Agreement;

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Qualified Stock Option means an Option which is of the type described in Section 422(b) of the Code.

Qualified Stock Option granted to each Eligible Director pursuant to Section 6(e) without any action by the Board or the Committee.

Examples of Qualified Stock Option in a sentence

• In the case of a Non Qualified Stock Option, if Shares are held for at least one year, any gain realized on disposition of the Shares will be treated as long-term capital gain for federal income tax purposes.

• All rights existing as to vested Stock Options as set forth herein shall remain in effect notwithstanding the adoption of a Qualified Stock Option Plan.

• It is possible that the Corporation will, within twelve (12) months from the date of this Agreement, adopt a Qualified Stock Option Plan for members of its senior executive management, including Optionee.

• In the event of such adoption, the Corporation agrees upon written request from Optionee to amend this Agreement so as to cancel all unvested option rights set forth herein, PROVIDED, HOWEVER that the same economic terms (including numbers of share options, vesting periods and price) remain the same with respect to Optionee, and are granted to Optionee, pursuant to the terms of the adopted Qualified Stock Option Plan.

• The Company hereby grants to the Optionee a Non- --------------- Qualified Stock Option to purchase, on the terms and conditions set forth in this Agreement, the number of shares of Stock indicated above, at the exercise price per share set forth above (the "Option").

• If the Option is a Qualified Stock Option, the Option is intended to be and shall be treated as a qualified incentive stock option as defined under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

• Capitalized terms used but not otherwise defined herein shall have the meaning given to such terms in the Plan and the Non Qualified Stock Option Agreement.

• As of the Effective Date, Executive shall be granted an option to purchase 2,488,889 shares of Company stock (the "Option Award") pursuant to a separate written Non Qualified Stock Option Agreement under the Company's 2006 Omnibus Stock Incentive Plan (the "Plan").

• It is recognized that, under current tax laws, if the Option is a Qualified Stock Option and the Optionee disposes of Common Stock acquired pursuant to the Optionee’s exercise of the Option within two (2) years after the Grant Date or within one (1) year after the transfer of such Common Stock to the Optionee, then the Optionee must recognize ordinary income, as opposed to capital gain, on such disposition.

• Capitalized terms used but not otherwise defined herein shall have the meaning given to such terms in the Plan, the Non Qualified Stock Option Agreement and the Terms and Conditions for Non-U.S. Grantees.

More Definitions of Qualified Stock Option

Qualified Stock Option means an Option that is not an "incentive stock option" within the meaning of Section 422 of the Code.

Qualified Stock Option means an option that meets the requirement of Section 1040.80 of the PR Code.

Qualified Stock Option is granted separate and apart from the Southwestern Energy Company 2000 Stock Incentive Plan, and any shares issued to the Participant upon exercise of this option shall be issued from treasury shares. This Non-Qualified Stock Option shall be exercisable only in accordance with the provisions of this Certificate and the Terms. This Non-Qualified Stock Option is not transferable except by Will or the laws of descent and distribution. The exercise price of the Optioned Shares shall be $_______ per share. This Non-Qualified Stock Option shall be exercisable in whole or in part; provided, that no partial exercise shall be for an aggregate exercise price of less than $1,000. The partial exercise of this Non-Qualified Stock Option shall not cause the expiration, termination or cancellation of the remaining portion hereof. This Non-Qualified Stock Option shall be exercised by delivering notice to the Company's principal office, to the attention of its Secretary, no less than one business day in advance of the effective date of the proposed exercise. Such notice shall be accompanied by this Certificate, shall specify the number of Optioned Shares with respect to which this Non-Qualified Stock Option is being exercised and the effective date of the proposed exercise and shall be signed by the Participant. The Participant may withdraw such notice at any time prior to the close of business on the business day immediately preceding the effective date of the proposed exercise.

Qualified Stock Option with different tax effects. Except for the options currently issued to Muns▇▇▇▇ ▇▇▇t are described above, he has no right to purchase from Micronics, directly or indirectly, any Micronics capital stock and holds no option, warrant or other right to acquire any such capital stock.

Qualified Stock Option means an option that meets the requirement of Section 1046 of the PR Code.

Qualified Stock Option. As defined in Section 4.1(e).