Common use of Incentive Options Clause in Contracts

Incentive Options. The options granted hereunder are intended to be Incentive Options as defined in the Plan and Section 422 of the Code, but the Company makes no warranty as to the qualification of any option as an Incentive Option.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Silverleaf Resorts Inc), Incentive Stock Option Agreement (Silverleaf Resorts Inc)

Incentive Options. The options granted hereunder are intended to be Incentive Options as defined in the 2008 Plan and Section 422 of the Code, but the Company makes no warranty as to the qualification of any option as an Incentive Option.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Silverleaf Resorts Inc)