Initial Option

Example Definitions of "Initial Option"
Initial Option. Means an Option which may be granted to a Nonemployee Director upon initial election or appointment to the Board, as provided in Section 7.
Initial Option. The Option granted to a Non-Employee Director who is first elected or appointed to the Board after September 30, 1994 and prior to December 18, 1996 in accordance with Section 7(a)(ii) of the Plan
All Definitions