Stock Option Plan Committee definition

Stock Option Plan Committee. (the "Committee") is pleased to inform you that you are hereby granted an "incentive stock option" to purchase from the Company __________ shares of the common stock ($1.00) par value of the Company, on the terms and subject to the conditions contained herein and in the Amended and Restated 1997 Long Term Stock Incentive Plan (the "Plan"), a copy of which is attached hereto and which is incorporated hereby by reference and made a part hereof. The option price is $__________ per share. This option will expire [five] [ten] years from the date of grant which is ____________, subject to earlier termination as provided in the Plan. The shares subject to this option are exercisable as follows:
Sample 1
Stock Option Plan Committee means that committee of the Board of Directors (or any other successor committee designated by the Board) that is designated by the Board to administer this Plan specifically with respect to Awards to Non-Executive Officers. The members of the Stock Option Plan Committee shall be appointed from time to time by, and shall serve at the discretion of, the Board. If the Stock Option Plan Committee does not exist or cannot function for
Sample 1Sample 2
Stock Option Plan Committee means the committee appointed by the Board to administer this Plan pursuant to Section 4.1. "SUBSIDIARY CORPORATION" means any Subsidiary Corporation as defined in Section 425(f) of the IRC.
Sample 1Sample 2

Examples of Stock Option Plan Committee in a sentence

  • A majority of members of a committee shall constitute a quorum for the transaction of business and the act of a majority of those present shall be the act of the committee (except with respect to the Compensation and Organization Committee, in which any act of the Compensation and Organization Committee when acting as the Stock Option Plan Committee under any stock option plan, must be authorized and approved by at least (3) members).

  • The Board of Directors shall appoint a Stock Option Plan Committee (hereinafter called the "Committee") which shall consist of not less than three (3) members, at least one of whom shall be a Director of the Company.

  • In the event of Disability of the Grantee (as determined by the Board of Directors of the Company or the 1997 Stock Option Plan Committee of the Company, as the case may be, and as to the fact and date of which the Grantee is notified by the Board or that Committee, as the case may be, in writing), the Option shall be exercisable within one (1) year after the date of such Disability, but in any event not later than the date on which the option terminates under this Agreement.

  • We are pleased to notify you that by the determination of the Stock Option Plan Committee (herein called the "Committee") a non-incentive stock option to purchase 4,000 shares of the Common Stock of Nexell Therapeutics Inc.

  • A majority of members of a committee shall constitute a quorum for the transaction of business and the act of a majority of those present shall be the act of the committee (except with respect to the Compensation Committee, in which any act of the Compensation Committee when acting as the Stock Option Plan Committee under any stock option plan, must be authorized and approved by at least two members).

  • A majority of members of a committee shall constitute a quorum for the transaction of business and the act of a majority of those present shall be the act of the committee (except with respect to the Compensation Committee, in which any act of the Compensation Committee when acting as the Stock Option Plan Committee under any stock option plan, must be authorized and approved by at least two (2) members).

  • No member of the Board or the Stock Option Plan Committee or any designee thereof will be liable for any action or inaction with respect to this Plan or any Stock Option or any transaction arising under this Plan or any Stock Option, except in circumstances constituting bad faith of such member.

  • The interpretation and construction of any terms or conditions of the Plan, or of this Agreement or other matters related to the Plan by the Compensation and Stock Option Plan Committee shall be final and conclusive.

  • The Board may from time to time appoint a Stock Option Plan Committee consisting of not less than two (2) directors (the "Committee").

  • The Board of Directors shall appoint a Stock Option Plan Committee (hereinafter called the “Committee”) which shall consist of not less than three (3) members, at least one of whom shall be a Director of the Company.


More Definitions of Stock Option Plan Committee

Stock Option Plan Committee means the committee appointed by the Board to administer this Plan pursuant to Section 4.1.
Sample 1Sample 2
Stock Option Plan Committee. (the "Committee") of the Board of Directors of the Company, pursuant to the Quaker Fabric Corporation 1997 Stock Option Plan, annexed hereto as Exhibit A (the "Plan"), has authorized this grant to the Participant, as an Eligible Employee of the Company and/or its Designated Subsidiaries (as defined in the Plan), of a Non-Qualified Stock Option (the "Option") to purchase the number of shares of the Company's common stock, par value $.01 per share (the "Common Stock"), set forth below. The parties hereto desire to enter into this Agreement in order to set forth the terms of the Option. Accordingly, the parties hereto agree as follows:
Sample 1
Stock Option Plan Committee means the committee appointed by the Board to administer this Plan pursuant to Section 4.1. Such Stock Option Plan Committee may be a Compensation Committee appointed by the Board and charged with administration of matters in addition to this Plan.
Sample 1

Related to Stock Option Plan Committee

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • Plan Committee means a committee of two or more directors appointed by the Board to administer the Plan.

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • the Committee means the Committee of Management of the Association referred to in rule 10 (1);

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Stock Incentive Plan has the meaning set forth in Section 3(b) of the Agreement.

  • the Plan means the plan annexed hereto

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • Performance Award Agreement means a written agreement between the Company and a Participant with respect to a Performance Award.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Benefits Committee means the Employee Benefits Committee of Textron.

  • This Plan means, in a COB provision, the part of the contract providing the health care benefits to which the COB provision applies and which may be reduced because of the benefits of other plans. Any other part of the contract providing health care benefits is separate from this plan. A contract may apply one COB provision to certain benefits, such as dental benefits, coordinating only with similar benefits, and may apply another COB provision to coordinate other benefits.

  • Retirement Committee means a committee consisting of the Company’s Vice President of Human Resources, the Director of HR Operations and the Compensation & Benefits Manager.

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.