Nonqualified Stock Option definition

Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

Nonqualified Stock Option means any Stock Option that is not an Incentive Stock Option.

Nonqualified Stock Option means an Option which is not designated by the Committee as an Incentive Stock Option.

Examples of Nonqualified Stock Option in a sentence

• If the aggregate Fair Market Value of the shares of Common Stock on the Grant Date with respect to which this Option is exercisable for the first time by you during any calendar year, under this Plan or any other stock option plan of the Company or a parent or subsidiary of the Company, exceeds $100,000, then this Option, as to the excess, shall be treated as a Nonqualified Stock Option.

• In the event that this Option is exercised more than 90 days after your Retirement, the Option shall lose its status as an Incentive Stock Option and shall be treated as a Nonqualified Stock Option.

• The RSUs and Options shall be issued pursuant to and are subject to the terms and conditions of the OBO Holdings 2015 Equity Incentive Plan, as well as any successor plans, and the terms and conditions of the related RSU Award Agreements and the Nonqualified Stock Option Award Agreements.

More Definitions of Nonqualified Stock Option

Nonqualified Stock Option means an Option other than an Incentive Stock Option.

Nonqualified Stock Option means a Stock Option granted under Section 6 hereof that is not an Incentive Stock Option.

Nonqualified Stock Option means an Option not intended to qualify as an Incentive Stock Option.

Nonqualified Stock Option means an option to purchase Shares which is not intended to be an Incentive Stock Option.

Nonqualified Stock Option or “NQSO” means an Option that is not intended to meet the requirements of Code Section 422, or that otherwise does not meet such requirements.

Nonqualified Stock Option means a stock option that is not intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Code.

Nonqualified Stock Option or “NQSO” means an option to purchase Shares granted under Article 6 herein and which is not intended to meet the requirements of Code Section 422.