Grant and Exercise. Stock Appreciation Rights may be granted in conjunction with all or part of any Stock Option granted under the Plan. In the case of a Non-Qualified Stock Option, such rights may be granted either at or after the time of the grant of such Stock Option. In the case of an Incentive Stock Option, such rights may be granted only at the time of the grant of such Stock Option.
Appears in 2 contracts
Sources: Agreement and Plan of Contribution and Merger (Excalibur Technologies Corp), 1998 Incentive Equity Plan (Orange Co Inc /Fl/)