220 NonQualified Stock Option

Example Definitions of "220 NonQualified Stock Option"
220 NonQualified Stock Option. Means an Option (or portion thereof) that is not designated as an Incentive Stock Option by the Administrator, or which is designated as an Incentive Stock Option by the Administrator but fails to qualify as an incentive stock option within the meaning of Section 422 of the Code.
Found in Film Department Holdings, Inc. contract
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