Qualified Stock Options definition
Examples of Qualified Stock Options in a sentence
The Options granted hereunder are not intended to be Incentive Stock Options or Qualified Stock Options.
Except as expressly provided in this Section 2, all other provisions of the stock option agreements and the Stock Plans pursuant to which the Qualified Stock Options were granted shall continue to govern the terms of the Qualified Stock Options.
Employee acknowledges that from and after the date hereof certain of the Qualified Stock Options (or portions thereof) may no longer qualify as an incentive stock option within the meaning of the Internal Revenue Code of 1986, as amended.
The foregoing notwithstanding, to the extent the aggregate fair market value of stock with respect to which Qualified Stock Options are exercisable for the first time by Optionee in any given calendar year exceeds $100,000, such Qualified Stock Options shall be treated as Nonqualified Stock Options under the Plan.
Qualified Stock Options, upon any termination of employment of the holder for any reason other than for cause, death or disability, any such Option held at the date of such employment termination may, to the extent exercisable, be exercised within ninety (90) days after the date of such employment termination.
Except as provided in this Agreement, the above described Qualified Stock Options shall be granted to the Executive subject to all terms and conditions of the Employee Incentive Compensation Plan, and any amendments or successor plan thereto and all rules of regulation of the Securities and Exchange Commission applicable to stock option plans then in effect.
The Company has adopted its X-Rite, Incorporated Amended and Restated Employee Stock Option Plan (the “Plan”), providing for the granting of certain awards, including Qualified Stock Options and Nonqualified Stock Options, to its employees.
Qualified Stock Options o Incentive Stock Options (Subject to $100,000 IRS Limits) o Restricted Shares VESTING SCHEDULES o STOCK OPTIONS Time Annual Cumulative Period Vesting % Vesting % 1st year 25% 25% 2nd year 25% 50% 3rd year 25% 75% 4th year 25% 100% Stock option grants currently have a ten year term and any options vested as of an employee's termination are exercisable for a period of 90 days after termination.
Options which shall not contain terms as will qualify them as ISOs shall be referred to herein as Non - Qualified Stock Options ("NQSOS").
Effective December 15, 1999, the Company shall grant to the Executive Qualified Stock Options to purchase an aggregate of 90,000 shares of common stock of the Company at an exercise price of $1.00 per share; 22,500 of which shall vest on December 15, 1999, and 67,500 of which shall vest in equal thirds of 22,500 on November 1, 2000, November 1, 2001 and November 1, 2002.