Indexed Option

Indexed Option. Means an Option with an exercise price which either increases by a fixed percentage over time or changes by reference to a published index, as determined by the Administrator and set forth in the applicable written option agreement.

Indexed Option. Means an Option with an exercise price which either increases by a fixed percentage over time or changes by reference to a published index, as determined by the Committee. In no event shall the exercise price at the time of grant be less than the Fair Market Value on the date of grant.