Common use of NATURE OF OPTION Clause in Contracts

NATURE OF OPTION. The Option is not intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to “incentive stock options”.

Appears in 58 contracts

Sources: Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.)

NATURE OF OPTION. The Option is not intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to "incentive stock options".

Appears in 7 contracts

Sources: Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (Weinreb Mark), Stock Option Agreement (Phase Iii Medical Inc/De)

NATURE OF OPTION. The Option is not intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to "incentive stock options."

Appears in 6 contracts

Sources: Stock Option Agreement (Dcap Group Inc), Stock Option Agreement (Dcap Group Inc/), Stock Option Agreement (Goldstein Barry)

NATURE OF OPTION. The Option is not intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to "incentive stock options".

Appears in 6 contracts

Sources: Stock Option Agreement (Sandata Inc), Stock Option Agreement (Compuflight Inc), Stock Option Agreement (Sandata Inc)

NATURE OF OPTION. The Option This option is not intended to meet qualify as an incentive stock option within the requirements meaning of Section 422 of the Internal Revenue Code of 1986, as amended, relating to amended (the incentive stock optionsCode).

Appears in 5 contracts

Sources: Non Qualified Stock Option Agreement (Isolagen Inc), Non Qualified Stock Option Agreement (Isolagen Inc), Non Qualified Stock Option Agreement (Isolagen Inc)

NATURE OF OPTION. The Option is not intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to “incentive stock options..

Appears in 3 contracts

Sources: Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.), Stock Option Agreement (BioRestorative Therapies, Inc.)

NATURE OF OPTION. The Option is Options granted are not intended to meet the requirements qualify as "incentive stock options" for purposes of Section 422 of the Internal Revenue Code of 1986, as amended, relating to “incentive stock options”amended (the "Code").

Appears in 2 contracts

Sources: Stock Option Agreement (Republic Electronics Corp), Stock Option Agreement (Navtech Inc)

NATURE OF OPTION. The Option is Options granted are not intended to meet the requirements qualify as “incentive stock options” for purposes of Section 422 of the Internal Revenue Code of 1986, as amended, relating to amended (the incentive stock optionsCode).

Appears in 2 contracts

Sources: Stock Option Agreement (Navtech Inc), Stock Option Agreement (Navtech Inc)

NATURE OF OPTION. The Option is not [not] intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to "incentive stock options".

Appears in 1 contract

Sources: Stock Option Agreement (Phase Iii Medical Inc/De)