Statutory Stock Option definition

Statutory Stock Option means an option as defined under Section 422 of the Code granted pursuant to Section 2.3 of the Plan.
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Statutory Stock Option means a Stock Option that (i) qualifies as an "incentive stock option" under Section 422 of the Code or any successor provision and (ii) is intended to be treated for purposes of federal income tax treatment as an option that is so qualified.
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Examples of Statutory Stock Option in a sentence

  • For the purpose of further motivating EMPLOYEE, the following STATUTORY INCENTIVE STOCK OPTIONS are hereby granted under the Statutory Incentive Stock Option Plan of the Company, and issued under the Notice of Grant of Statutory Stock Option, and the Statutory Stock Option Agreement, which are included as part of this Agreement and listed as Exhibit A.

  • The Committee shall determine the term during which a Participant may exercise a Non- Statutory Stock Option, but in no event may a Participant exercise a Non-Statutory Stock Option, in whole or in part, more than ten (10) years from the Date of Grant.

  • Statutory Stock Option Agreement dated September 30, 2002, between the Issuer and Richard L.

  • Each Option granted hereunder shall be deemed to be a Non- Statutory Stock Option ("NSO'").

  • The transferee or assignee of any Non- Statutory Stock Option shall be subject to all of the terms and conditions applicable to such Non-Statutory Stock Option immediately prior to the transfer or assignment and shall be subject to any other conditions proscribed by the Committee with respect to such Non-Statutory Stock Option.

  • Upon the exercise of a Non- Statutory Stock Option, payment by the Corporation shall be made in the form of shares of Common Stock.

  • This Amended and ------------------------------------------------ Restated Agreement is subject to Shareholder Approval as defined in the Non- Statutory Stock Option Agreement by and between the Company and the Executive dated as of December 18, 1997.

  • Statutory Stock Option in accordance with the schedule set forth herein.

  • If the preceding day is a public holiday they will not be paid for the public holiday.

  • Notwithstanding the foregoing, the parties acknowledge and agree that the Restricted Stock Agreement and Non- Statutory Stock Option Grant Letter dated November 2, 2009 are not superseded by this Agreement.

Related to Statutory Stock Option

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.

  • Company Stock Option means an option to purchase shares of Common Stock.

  • Nonstatutory Share Option means an Option not intended to qualify as an Incentive Stock Option.

  • Company Stock Options means all options to acquire shares of Company Common Stock from the Company, whether granted pursuant to the Company Stock Plans or otherwise.