Designation of Options. Except as otherwise expressly provided in the Plan, the Committee may designate, at the time of the grant of an Option, such Option as an Incentive Stock Option or a Non-Qualified Stock Option; provided, however, that an Option may be designated as an Incentive Stock Option only if the applicable Participant is an employee of the Company or a Subsidiary on the Date of Grant.
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Sources: Agreement and Plan of Reorganization (Pro Squared Inc), Agreement and Plan of Reorganization (Global Boulevard International Inc)
Designation of Options. Except as otherwise expressly provided in the Plan, the The Committee may shall designate, at the time of the grant of an each Option, such the Option as an Incentive Stock Option or a Non-Qualified Stock Option; provided, however, that an Option may be designated as an Incentive Stock Option only if the applicable Participant is an employee of the Company or a Subsidiary on the Date of Grant.
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