Common use of Deferred Transfer of Shares Upon Exercise of Options Clause in Contracts

Deferred Transfer of Shares Upon Exercise of Options. The Committee may determine, either at the time of grant of an Award or later, whether, and to what extent and under what circumstances, the transfer of shares issuable in connection with the exercise of a Non-Qualified Stock Option may be deferred at the election of the affected Participant.

Appears in 2 contracts

Sources: Long Term Incentive Plan (Georgia Pacific Corp), Long Term Incentive Plan (Georgia Pacific Corp)

Deferred Transfer of Shares Upon Exercise of Options. The Committee may determine, either at the time of grant of an Award Option or later, whether, and to what extent and under what circumstances, the transfer of shares issuable in connection with the exercise of a Non-Qualified Stock an Option may be deferred at the election of the affected ParticipantOutside Director.

Appears in 1 contract

Sources: Outside Director Stock Option Plan (Georgia Pacific Corp)