(q) NSO means an Option that does not qualify as an incentive stock option as described in Code Section 422(b) or 423(b).
(r) Option means an ISO or NSO granted under the Plan and entitling the holder to purchase Shares.
(s) Optionee means a person who holds an Option.
(t) Outside Director means a member of the Board of Directors who is not an Employee.
(u) Parent means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date.
(v) Participant means a Grantee, Optionee, Recipient or Purchaser or, if the context requires, an estate or other permissible transferee holding an Award may also be deemed to be a Participant.
(w) Plan means this Vitae Pharmaceuticals, Inc. 2013 Stock Plan.
(x) Purchase Price means the consideration for which one Share may be acquired under the Plan (other than upon exercise of an Option), as specified by the Board of Directors.
(y) Purchaser means a person to whom the Board of Directors has offered the right to purchase Shares under the Plan (other than upon exercise of an Option or settlement of a Restricted Stock Unit).
(z) Recipient means a person to whom the Board of Directors has granted a Restricted Stock Unit under the Plan.
(aa) Restricted Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.
(bb) Restricted Stock Unit Agreement means the agreement between the Company and the Recipient that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.
(cc) Securities Act means the Securities Act of 1933, as amended.
(dd) Service means service as an Employee, Outside Director or Consultant.
(ee) Share means one share of Stock, as adjusted in accordance with Section 8 (if applicable).