Reload Stock Option definition

Reload Stock Option means a Nonqualified Stock Option or an Incentive Stock Option granted pursuant to Section 8.3(c) hereof.

Reload Stock Option means a Stock Option (i) that is awarded, either automatically in accordance with the terms of an Award Agreement in which one or more other Awards are made or by separate Award, upon the exercise of a Stock Option granted under this Plan or otherwise where the Option Price is paid by the option holder by delivery of shares of Common Stock on the Settlement Date for such exercise and (ii) that entitles such holder to purchase the number of shares so delivered for an Option Price equal to the Fair Market Value of a share of Common Stock on such Settlement Date.

Reload Stock Option means an option granted to an Employee-Participant who has paid for shares subject to option through the delivery of shares of Common Stock having an aggregate Fair Market Value as determined on the date of exercise equal to the option price.

Examples of Reload Stock Option in a sentence

• The Date of Grant of a Reload Stock Option shall be the date that the Stock Option it replaces is exercised.

• The option period for a Reload Stock Option will commence on its Date of Grant and expire on the expiration date of the original Stock Option it replaces (subject to the provisions of the Plan regarding Incentive Stock Options), after which period the Reload Stock Option cannot be exercised.

• It shall be a condition to the grant of a Reload Stock Option that promptly after its Date of Grant, a stock option agreement shall be delivered to the Participant and executed by the Participant and the Company which sets forth the total number of shares subject to the Reload Stock Option, the option exercise price, the option period of the Reload Stock Option and such other terms and provisions as are consistent with the Plan.

• A Reload Stock Option shall automatically vest and be exercisable in full after the expiration of six (6) months from its Date of Grant.

• A Reload Stock Option may be granted by the Committee in an Award Agreement.

More Definitions of Reload Stock Option

Reload Stock Option means a Nonqualified Stock Option granted pursuant to Section 9.3(c) hereof.

Reload Stock Option means an additional Stock Option (other than a Director Stock Option) granted either in connection with, or (except in the case of Incentive Stock Options) after, the grant of a prior Stock Option, entitling the Recipient to such additional Stock Option in the event the Recipient exercises such prior Stock Option by surrendering other shares of Common Stock in accordance with Section 12. Any such Reload Stock Option shall be for the number of shares of Common Stock surrendered but may also include the number of shares tendered or withheld for taxes in accordance with Section 18, shall become exercisable upon such terms and conditions as the Committee shall determine, but (i) the purchase price shall not be less than the market value of the shares of Common Stock on the date of exercise of such prior Stock Option, and (ii) the term shall not extend beyond the expiration of the prior Stock Option.

Reload Stock Option means any Non-Qualified Stock Option automatically granted pursuant to the provisions of Section 6.7 of the Plan and the relevant Award Agreement.

Reload Stock Option means a Nonqualified Stock Option or an Incentive Stock Option granted pursuant to Section 8.3(c) of the Plan.

Reload Stock Option means a Stock Option granted pursuant to Section 6.3.

Reload Stock Option means a Non-qualified Stock Option or an Incentive Stock Option granted pursuant to Section 10.3(c) hereof.

Reload Stock Option means an additional Stock Option granted in connection with the grant of a Stock Option entitling the Recipient to such additional Stock Option in the event the Recipient exercises such prior Stock Option by surrendering other shares of Common Stock in accordance with Section 12. Any such Reload Stock Option