Non-Qualified Options

Example Definitions of "Non-Qualified Options"
Non-Qualified Options. Options that are not intended to qualify, or otherwise do not qualify, as "incentive stock options" under Code Section 422 or the successor to that Section. To the extent that Options that are designated by the Option Committee as Incentive Options do not qualify as "incentive stock options" under Code Section 422 or the successor to that Section, those Options shall be treated as Non-Qualified Options.
Found in Cool Holdings, Inc. contract
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