reported. If the Stock is not listed on such an exchange, quoted on such system or traded on such a market, Fair Market Value shall be the value of the Stock as determined by the Boards reasonable application of a reasonable valuation method.
2.18 Family Member means a person who is a spouse, former spouse, child, stepchild, grandchild, parent, stepparent, grandparent, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother, sister, brother-in-law, or sister-in-law, including adoptive relationships, of the Grantee, any person sharing the Grantees household (other than a tenant or employee), a trust in which any one or more of these persons have more than fifty percent of the beneficial interest, a foundation in which any one or more of these persons (or the Grantee) control the management of assets, and any other entity in which one or more of these persons (or the Grantee) own more than fifty percent of the voting interests.
2.19 Grant Date means, as determined by the Board, the latest to occur of (i) the date as of which the Board approves an Award, (ii) the date on which the recipient of an Award first becomes eligible to receive an Award under Section 6 hereof, or (iii) such other date as may be specified by the Board.
2.20 Grantee means a person who receives or holds an Award under the Plan.
2.21 Incentive Stock Option means an incentive stock option within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted tax statute, as amended from time to time.
2.22 IPO Date means the closing date of the first sale of Stock to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act.
2.23 Non-qualified Stock Option means an Option that is not an Incentive Stock Option.
2.24 Option means an option to purchase one or more shares of Stock pursuant to the Plan.
2.25 Option Price means the exercise price for each share of Stock subject to an Option.
2.26 Option Proceeds means, with respect to an Option, the sum of (i) the Option Price paid in cash, if any, to purchase shares of Stock under such Option, plus (ii) the value of all federal, state, and local deductions to which the Company is entitled with respect to the exercise of such Option determined using the highest Federal tax rate applicable to corporations and a blended tax rate for state and local taxes based on the jurisdictions in which the Company does business and giving effect to the deduction of state and local taxes for Federal tax purposes.
2.27 Other Agreement shall have the meaning set forth in Section 15 hereof.
2.28 Outside Director means a member of the Board who is not an officer or employee of the Company.
2.29 Performance Award means an Award made subject to the attainment of performance goals (as described in Section 14) over a performance period of up to ten (10) years.
2.30 Plan means this Western Alliance Bancorporation 2005 Stock Incentive Plan, as amended and restated.
2.31 Purchase Price means the purchase price for each share of Stock pursuant to a grant of Restricted Stock or Unrestricted Stock.
2.32 Reporting Person means a person who is required to file reports under Section 16(a) of the Exchange Act
2.33 Restatement Effective Date means April 15, 2020, the date the Plan is approved by the Board.