QUALIFYING OPTION

QUALIFYING OPTION. Means an outstanding stock option agreement granted, either before or after the date hereof, to the Executive under any stock option or incentive plan of the Company, whether in existence on the date hereof or adopted by the Company after the date hereof, which agreement provides (either by its terms or by incorporation from such plan) for the acceleration of vesting, in whole or in part, upon a change-in-control, sale or similar event, as defined for purposes... thereof (with respect to such Qualifying Option, a "QUALIFYING OPTION EVENT"), regardless of whether such Qualifying Option Event constitutes a Change in Control. View More