Stock Option Gain means the profit shares
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.
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).
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.
If the Awardee is a participant in the 1998 Microsoft Corporation Stock Option Gain And Bonus Deferral Program, he may in addition be allowed to pay all or part of the purchase price of any deferred Option with Shares.
Each Eligible Employee who has entered into a Deferral Election or Stock Option Gain Deferral Election for a given Deferral Year and each employee who has a Transferred Account set up under the Plan shall be considered a Participant.
Amounts deferred under a Stock Option Gain Deferral Election shall be credited to a Deferral Account established under the Plan for the Eligible Employee.
Termination of employment for any reason prior to exercise will void the Stock Option Gain Deferral Election.
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 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:
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.
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.