Intended to be an Incentive Stock Option Clause Samples

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Intended to be an Incentive Stock Option. This option is intended to qualify as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, and the provisions hereof shall be construed consistent with that intent. While it is intended that this option be treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, the Company does not guarantee such treatment. If or to the extent, for any reason, this option is not treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, this option shall nevertheless continue to otherwise be fully effective according to its terms and the applicable terms of the Plan and shall be regarded as a Non-Qualified Stock Option under the Plan. To evidence their agreement to the terms and conditions of this option, the Company and the Employee have signed this Agreement as of the date first above written. ACCESS NATIONAL CORPORATION By: -------------------------------------------------- Its: ------------------------------------------------- EMPLOYEE: By: -------------------------------------------------- NOTICE OF EXERCISE Access National Corporation 1800 Robert Fulton Drive, Suite 300 Reston, Virginia 20191 Attent▇▇▇: ▇▇▇▇▇▇▇▇▇ I hereby exercise my option pursuant to that certain Incentive Stock Option Agreement dated _________________________, subject to all of the terms and conditions of the said Stock Option Agreement, and hereby notify you of my election to purchase the following stated number of shares ("Shares") of the common stock of Access National Corporation (the "Company"), as indicated below at the following stated option price per share. Number of Shares - ____ Option Price per Share - $____ Total Option Price -$___ If this Notice of Exercise involves fewer than all of the common stock which are subject to option under the said Stock Option Agreement, I retain the right to exercise my option for the balance of the shares remaining subject to option, all in accordance with the terms of the said Stock Option Agreement.
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Intended to be an Incentive Stock Option. This Option is intended to qualify as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, and the provisions hereof shall be construed consistent with that intent. While it is intended that this Option be treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, the Company does not guarantee such treatment. If, or to the extent, for any reason, this Option is not treated as an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code, this Option shall nevertheless continue to otherwise be fully effective according to its terms and the applicable terms of the Plan and shall be regarded as a Non-Qualified Stock Option under the Plan. ​
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Related to Intended to be an Incentive Stock Option

  • Incentive Stock Option If this Option qualifies as an ISO, the Optionee will have no regular federal income tax liability upon its exercise, although the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price will be treated as an adjustment to alternative minimum taxable income for federal tax purposes and may subject the Optionee to alternative minimum tax in the year of exercise. In the event that the Optionee ceases to be an Employee but remains a Service Provider, any Incentive Stock Option of the Optionee that remains unexercised shall cease to qualify as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option on the date three (3) months and one (1) day following such change of status.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Grant of Stock Option The Company hereby grants the Employee the Option to purchase all or any part of an aggregate number of shares of Common Stock as set forth on Schedule A (“Option Shares”) on the terms and conditions set forth herein and subject to the terms of the Plan.

  • Nonstatutory Stock Option If the Grant Notice so designates, this Option is intended to be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option within the meaning of Section 422(b) of the Code.