Stock Option Gain means the profit shares
Stock Option Gain means the amount of a Participant's net gain resulting from the Participant's Stock-for-Stock Exercise of an Eligible Stock Option. For example, assume a Participant elects to defer the Stock Option Gain accrued upon exercise of an Eligible Stock Option to purchase 1,000 shares of Stock at an exercise price of $20 per share, when Stock has a current fair market value of $25 per share. Using a Stock-for-Stock Exercise, the Participant would deliver 800 shares of Stock (worth $20,000) to exercise the Eligible Stock Option and receive, in return, 800 shares of Stock plus a Stock Option Gain (in this case, in the form of a credit of 200 Stock Units to the Participant's Stock Option Account) equal to $5,000 (i.e., the current value of the remaining 200 shares of Stock).
Stock Option Gain means, pursuant to the exercise of an Option Right not intended to qualify as an incentive stock option under Section 422 of the Code, the shares of Common Stock representing the difference between the aggregate Market Value per Share of shares of Common Stock subject to the Option Right on the date of exercise less the aggregate Option Price, if, and only if, the aggregate Option Price is paid with shares of Common Stock already owned by the Deferral Participant, as described in Paragraph 4(c)(ii) and in Revenue Ruling 80-244, 1980-2 C.B. 234.
Examples of Stock Option Gain in a sentence
Settlement of any Unit, which otherwise would occur at the Settlement Date, will be deferred in certain cases if and to the extent Employee is permitted to participate in the Stock Option Gain and Stock Award Deferral Program or otherwise permitted to defer the Units and Employee makes a valid deferral election relating to the Units.
A Participant may direct the investment of the balance of his Company Matching Account or the Restricted Stock Unit and the Stock Option Gain subaccounts of the Deferral Account into any other Measurement Fund, as permitted by the Committee.
The Plan was formerly known as the 1998 Microsoft Corporation Stock Option Gain and Bonus Deferral Program.
Any Participant who is eligible to participate in the Fannie Mae Stock Option Gain Deferral Plan may elect to exercise a Nonqualified Stock Option under the provisions of such plan.
Stock option gains derived from either a cash exercise or a same day sale will not be eligible Stock Option Gain Compensation.
More Definitions of Stock Option Gain
Stock Option Gain means the gains on a Designated Employee's stock options that have been granted by the Company and designated as eligible for deferral under the Plan by the Committee pursuant to Section 3.1(c). With respect to any options granted to Designated Employees that are made subject to a Stock Option Gain deferral election, the gains on such options shall be determined through a deemed sale of related shares of the underlying shares net of the exercise price of the options.
Stock Option Gain means any incremental shares of Genuity Common Stock that a Participant is entitled to receive as a result of the Participant's paying the exercise price of a stock option under the Long-Term Plan with shares of Genuity Common Stock.
Stock Option Gain means, with respect to the exercise of a Non-Qualified Stock Option (whether an option granted under this Plan or any other plan sponsored by the Company), the number of shares of Common Stock issuable with respect to such exercise that exceed the number of shares of Common Stock delivered to the Company (or deemed delivered to the Company) as payment of the exercise price for such stock option.
Stock Option Gain means the profit shares derived from an eligible exercise of stock options granted to Executive Officers under the 1998 Sempra Energy Long Term Incentive Plan. To qualify as an eligible exercise, the Participant must pay the option exercise price by tendering or attesting to the ownership of shares of Sempra Energy common stock that have been owned outright, without restrictions, for at least six months.
Stock Option Gain means any incremental shares of Genuity Common Stock that a Participant is entitled to receive as a result of the Participant's paying the exercise price of a Genuity Inc. compensatory stock option with shares of Genuity Common Stock.
Stock Option Gain as of any date shall be a dollar amount equal to 300,000 times (X - Y), where X equals the closing price for one share of Company Stock on that date, and Y equals the per share exercise price for the Company Stock subject to the option grant under Exhibit 2. EXHIBIT 4 GUARANTY In order to induce Xxxxxxx X. Xxxxxx ("Employee") to enter into the Employment Agreement with Zenith Electronics Corporation ("Zenith"), dated as of January 12, 1998, in the form attached hereto as Exhibit A (the "Agreement"). LG Electronics Alabama, Inc., an Alabama corporation ("LG"), hereby:
(A) irrevocably guarantees to Employee that if
(i) Zenith becomes obligated pursuant to the Agreement to make any payment of cash described in (x) paragraphs 2(b), 2(c), 2(d) or 2 (i) of the Agreement (relating to salary, annual performance bonus or make-whole retirement plan benefit) at a time prior to December 31, 2001 when the letter of credit provided for in paragraph 21 of the Agreement is not in effect, including any such payments due Executive in accordance with paragraph 4 of the Agreement, and/or (y) Exhibit 3 to the Agreement (each an " Obligation"), and
(ii) Zenith shall fail to make full payment of such Obligation on or before the thirtieth day following the date on which such payment was due pursuant to the terms of the Agreement. on the thirtieth day following the receipt of written notice from Employee that the conditions set forth in subclauses (i) and (ii) above have been met, LG will pay to Employee an amount equal to the difference between the amount of any such Obligation and any amounts actually paid by Zenith to Employee in respect of any such Obligation on or before such day; and
(B) irrevocably submits to the jurisdiction of the federal and state courts in Chicago, Illinois, with respect to any litigation relating to this Guaranty, and waives, and sgrees not to assert, by way of motion, as a defense, or otherwise, in any such litigation, any argument that it is not personally subject to the jurisdiction of the above-named courts or, to the extent permitted by applicable law, any claim that such litigation is brought in an inconvenient forum or that the venue of such litigation is improper or that this Guaranty may not be enforced in or by such courts, agrees to commence actions and assert claims for relief only in such courts, and consents to service of process by the mailing of copies thereof to LG by certified mail, such service to be effective ten days after mailing.
Stock Option Gain means any incremental shares of Savers, Inc. Common Stock that a Participant is entitled to receive as a result of the Participant’s paying the exercise price of a Savers, Inc. compensatory stock option for shares of Savers, Inc. Common Stock. Stock Option Gains are not eligible for deferral under the Plan.