Stock Option Grant Agreement definition

Stock Option Grant Agreement means an agreement, substantially in the form which is attached hereto as Exhibit A, entered into by each Participant and the Company evidencing the Grant of each Option pursuant to the Plan, provided the Committee may make such changes to the form of Stock Option Grant Agreement for any particular Grant as the Committee may determine pursuant to its powers set forth in Section 3.1(c) of the Plan.

Stock Option Grant Agreement means an agreement entered into by each Participant and the Company evidencing the Grant of each Option pursuant to the Plan (a sample of which is attached hereto as Exhibit B).

Stock Option Grant Agreement means an agreement, substantially in the form which is attached hereto as Appendix A, entered into by each Participant and the Company evidencing the Grant of each Option pursuant to the Plan.

Examples of Stock Option Grant Agreement in a sentence

• Each Permitted Transferee shall be subject to all the restrictions, obligations, and responsibilities as apply to the Participant under the Plan and this Stock Option Grant Agreement and shall be entitled to all the rights of the Participant under the Plan, provided that in respect of any Permitted Transferee which is a trust or custodianship, the Option shall become exercisable and/or expire based on the Employment and termination of Employment of the Participant.

• In the event of any such assignment, such trust or custodianship shall be subject to all the restrictions, obligations, and responsibilities as apply to the Participant under the Plan and this Stock Option Grant Agreement and shall be entitled to all the rights of the Participant under the Plan.

• The Grant Date of the Options shall be the date designated by the Committee and specified in the Stock Option Grant Agreement as of the date the Option is granted.

• The Options granted under the Plan shall be clearly identified in the Stock Option Grant Agreement as Non-Qualified Stock Options.

• It shall be a condition precedent to any Transfer of any Option by any Participant that the Transferee, if not already a Participant in the Plan, shall agree prior to the Transfer in writing with the Company to be bound by the terms of the Plan and the Stock Option Grant Agreement as if he had been an original signatory thereto.

More Definitions of Stock Option Grant Agreement

Stock Option Grant Agreement means the separate written agreement evidencing the grant of each Option pursuant to the Plan.

Stock Option Grant Agreement means an agreement which is entered into by a Participant and the Company evidencing the Grant of an Option pursuant to the Plan in substantially the same form as one of the agreements attached hereto as Exhibit A or such other agreement form as may be approved by the Board.

Stock Option Grant Agreement shall contain provisions to the following effect:

Stock Option Grant Agreement means the separate written agreement entered into by each Participant and the Company evidencing the grant of each Option pursuant to the Plan (a sample of which is attached hereto as Exhibit A).

Stock Option Grant Agreement means an agreement, substantially in the form which is attached hereto as Exhibit A, entered into by each Participant and the Company evidencing the Grant of each Option pursuant to the Plan, provided the Committee may make such changes to the form of StockOption Grant Agreement for any particular Grant as the Committee may determine pursuant to its powers set forth in Section 3.1(c) of the Plan. (pp) “Time-Based Option” shall have the meaning set forth in Section 4.3.1.(qq) “Transfer” shall mean any transfer, sale, assignment, hedge, gift, testamentary transfer, pledge, hypothecation or other disposition of any interest. “Transferee” and “Transferor” shall have correlative meanings.-6-(rr) “Vesting Date” shall mean the date an Option vests as described in Section 4 herein.

Stock Option Grant Agreement means an agreement entered into by each Participant and the Company evidencing the Grant of each Option pursuant to the Plan, together with other terms and conditions with respect to such Grant; the form of Stock Option Grant Agreement attached hereto as Exhibit A illustrates the matters that may be contained in a Stock Option Grant Agreement.

Stock Option Grant Agreement means an agreement entered into by each Participant and the Company evidencing the Grant of Options pursuant to the Plan.