Nonqualified Stock Option means an Option other than an Incentive Stock Option.
Option means a right to purchase Common Stock granted under Section 7.
Option Expiration Date means the last day of the maximum term of an Option.
Option Term means the maximum term of an Option as set forth in Section 7.3.
Participant means any Eligible Person to whom an Award is granted.
Plan means the Mohawk Group, Inc. Amended and Restated 2014 Equity Incentive Plan.
Plan Administrator has the meaning set forth in Section 3.1.
Related Company means any entity that, directly or indirectly, is in control of, is controlled by or is under common control with the Company.
Restricted Stock means an Award of shares of Common Stock granted under Section 10, the rights of ownership of which are subject to restrictions prescribed by the Plan Administrator.
Retirement, unless otherwise defined in the instrument evidencing the Award or in a written employment, services or other agreement between the Participant and the Company or a Related Company, means Retirement as defined for purposes of the Plan by the Plan Administrator or the Companys chief human resources officer or other person performing that function or, if not so defined, means Termination of Service on or after the date the Participant reaches normal retirement age, as that term is defined in Section 411(a)(8) of the Code.
Section 409A means Section 409A of the Code.
Securities Act means the Securities Act of 1933, as amended from time to time.
Stock Appreciation Right or SAR means a right granted under Section 9.1 to receive the excess of the Fair Market Value of a specified number of shares of Common Stock over the grant price.
Stock Award means an Award of shares of Common Stock granted under Section 10, the rights of ownership of which are not subject to restrictions prescribed by the Plan Administrator.
Stock Unit means an Award denominated in units of Common Stock granted under Section 10.
Substitute Awards means Awards granted or shares of Common Stock issued by the Company in substitution or exchange for awards previously granted by an Acquired Entity.
Successor Company means the surviving company, the successor company, the acquiring company or its parent, as applicable, in connection with a Change of Control.
Termination of Service, unless the Plan Administer determines otherwise with respect to an Award, means a termination of employment or service relationship with the Company or a Related Company for any reason, whether voluntary or involuntary, including by reason of