TERMS AND CONDITIONS OF NONQUALIFIED STOCK OPTIONS Clause Samples

The "Terms and Conditions of Nonqualified Stock Options" clause defines the specific rules and requirements governing the grant, exercise, and administration of nonqualified stock options (NSOs) provided to employees or other service providers. This clause typically outlines eligibility criteria, vesting schedules, exercise price, expiration dates, and any restrictions on transfer or exercise of the options. For example, it may specify that options vest over a four-year period and must be exercised within a certain timeframe after termination of employment. The core function of this clause is to ensure both the issuer and the recipient understand their rights and obligations regarding the NSOs, thereby reducing ambiguity and potential disputes.
TERMS AND CONDITIONS OF NONQUALIFIED STOCK OPTIONS. Each Nonqualified Stock Option shall be evidenced by a Nonqualified Stock Option Agreement, which shall comply with and be subject to the following terms and conditions:
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TERMS AND CONDITIONS OF NONQUALIFIED STOCK OPTIONS. Visteon Corporation, a Delaware corporation (together with its subsidiaries, the “Company”), subject to the terms and conditions of the Visteon Corporation 2010 Incentive Plan (the “Plan”) and this Agreement, hereby grants to the Participant named in the Notification Summary or Appendix to this Agreement, non-qualified stock options (“Option”) as further described below.
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Related to TERMS AND CONDITIONS OF NONQUALIFIED STOCK OPTIONS

  • Nonqualified Stock Options If the Shares are held for more than twelve (12) months after the date of purchase of the Shares pursuant to the exercise of an NQSO, any gain realized on disposition of the Shares will be treated as long term capital gain.

  • Nonqualified Stock Option The Option is a nonqualified stock option and is not, and shall not be, an incentive stock option within the meaning of Section 422 of the Code.

  • Exercise of Nonqualified Stock Option If the Option does not qualify as an ISO, there may be a regular federal and California income tax liability upon the exercise of the Option. Participant will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price. If Participant is a current or former employee of the Company, the Company may be required to withhold from Participant’s compensation or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

  • Terms and Conditions of Options The Options evidenced hereby are subject to the following terms and conditions:

  • Terms and Conditions of Award The grant of Restricted Stock Units provided in Section 1(a) shall be subject to the following terms, conditions and restrictions: