Incentive Option. An Option that is intended to qualify as an "incentive stock option" within the meaning of section 422 of the Code. An Incentive Option, or a portion thereof, shall not be invalid for failure to qualify under section 422 of the Code, but shall be treated as a Nonqualified Option. PMT SERVICES, INC. 1994 INCENTIVE STOCK PLAN
Appears in 2 contracts
Sources: Incentive Stock Plan (Nova Corp \Ga\), 1994 Incentive Stock Plan (PMT Services Inc /Tn/)