Common use of Nature of the Option Clause in Contracts

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 22 contracts

Sources: Nonstatutory Stock Option Agreement (Earthlink Network Inc /De/), Nonstatutory Stock Option Agreement (Tekelec), Nonstatutory Stock Option Agreement (Tekelec)

Nature of the Option. This Option is intended to be and is a nonstatutory stock option Nonstatutory Stock Option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 17 contracts

Sources: Stock Option Agreement (Mai Systems Corp), Stock Option Agreement (Mai Systems Corp), Stock Option Agreement (Mai Systems Corp)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 13 contracts

Sources: Non Qualified Stock Option Agreement (S1 Biopharma, Inc.), Non Qualified Stock Option Agreement (S1 Biopharma, Inc.), Non Qualified Stock Option Agreement (Five Below, Inc)

Nature of the Option. This Option is intended to be a nonstatutory non-statutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 8 contracts

Sources: Non Qualified Stock Option Agreement (Destination Maternity Corp), Non Qualified Stock Option Agreement (Destination Maternity Corp), Employment Agreement (Destination Maternity Corp)

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 8 contracts

Sources: Non Qualified Stock Option Agreement (Lululemon Athletica Inc.), Non Qualified Stock Option Agreement (Lululemon Athletica Inc.), Non Qualified Stock Option Agreement (Lululemon Athletica Inc.)

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 7 contracts

Sources: Nonstatutory Stock Option Agreement (Ricex Co), Stock Option Agreement (Ricex Co), Stock Option Agreement (Ricex Co)

Nature of the Option. This The Option is intended to be a nonstatutory stock option Non-Qualified Stock Option and is not NOT intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 6 contracts

Sources: Director Fee Option Grant Agreement (Neose Technologies Inc), Annual Director Grant Agreement (Neose Technologies Inc), Non Qualified Stock Option Award Agreement (Neose Technologies Inc)

Nature of the Option. This Option is intended by the Company and the Optionee to be a nonstatutory stock option and does not qualify for any special tax benefits to the Optionee. This option is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneeamended.

Appears in 6 contracts

Sources: Nonstatutory Stock Option Agreement (Greater Bay Bancorp), Incentive Stock Option Agreement (SJNB Financial Corp), Nonstatutory Stock Option Agreement (Greater Bay Bancorp)

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be NOT an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 4 contracts

Sources: Nonstatutory Stock Option Agreement (Ricex Co), Non Statutory Stock Option Agreement (Ricex Co), Nonstatutory Stock Option Agreement (Ricex Co)

Nature of the Option. This Option option is intended to be a nonstatutory stock non-statutory option and is not intended to be NOT an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 4 contracts

Sources: Non Statutory Stock Option Agreement (Apple Computer Inc), Non Statutory Stock Option Agreement (Apple Computer Inc), Non Statutory Stock Option Agreement (Apple Computer Inc)

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of as described by Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to for the Optionee.

Appears in 4 contracts

Sources: Non Qualified Stock Option Agreement (Pieris Pharmaceuticals, Inc.), Non Qualified Stock Option Agreement (Collegium Pharmaceutical, Inc), Non Qualified Stock Option Agreement (Bojangles', Inc.)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be qualify as an incentive stock option within the meaning of Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 4 contracts

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

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be qualify as an incentive stock option within the meaning of Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (Data Dimensions Inc), Nonstatutory Stock Option Agreement (Data Dimensions Inc), Nonstatutory Stock Option Agreement (Lionbridge Technologies Inc /De/)

Nature of the Option. This Option is intended by FNB and the Optionee to be a nonstatutory stock option and does not qualify for any special tax benefits to the Optionee. This option is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneeamended.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (FNB Bancorp/Ca/), Nonstatutory Stock Option Agreement (FNB Bancorp/Ca/), Nonstatutory Stock Option Agreement (FNB Bancorp/Ca/)

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (Dollar Tree Stores Inc), Stock Option Agreement (Mission West Properties Inc), Nonstatutory Stock Option Agreement (Ricex Co)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not NOT intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (Trimark Holdings Inc), Nonstatutory Stock Option Agreement (Trimark Holdings Inc), Nonstatutory Stock Option Agreement (Trimark Holdings Inc)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 3 contracts

Sources: Non Qualified Stock Option Agreement (Valera Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Viropharma Inc), Non Qualified Stock Option Agreement (Viropharma Inc)

Nature of the Option. This Option is intended to be a nonstatutory nonqualified stock option and is not intended to be an incentive stock option within the meaning of Section 422 422A of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 3 contracts

Sources: Non Qualified Stock Option Agreement (Gtsi Corp), Non Qualified Stock Option Agreement (Gtsi Corp), Non Qualified Stock Option Agreement (Gtsi Corp)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not NOT intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "CodeCODE"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (Futech Interactive Products Inc), Nonstatutory Employee Stock Option Agreement (Futech Interactive Products Inc), Nonstatutory Stock Option Agreement (Futech Interactive Products Inc)

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is shall not intended to be treated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (Zoran Corp \De\), Nonstatutory Stock Option Agreement (Zoran Corp \De\), Nonstatutory Stock Option Agreement (Super Micro Computer, Inc.)

Nature of the Option. This Option is intended by the Company and the Optionee to be a nonstatutory stock option and does not qualify for any special tax benefits to the Optionee. This option is not intended to be NOT an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneeamended.

Appears in 2 contracts

Sources: Nonstatutory Stock Option Agreement (Mid Peninsula Bancorp), Nonstatutory Stock Option Agreement (Greater Bay Bancorp)

Nature of the Option. This The Option is intended to be a nonstatutory non-statutory stock option and is not intended to be NOT an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 2 contracts

Sources: Non Statutory Stock Option Agreement (Truevision International Inc), Non Statutory Stock Option Agreement (Truevision International Inc)

Nature of the Option. This Option is intended to be a an nonstatutory -------------------- stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or otherwise to otherwise qualify for any special tax benefits to the Optionee.

Appears in 2 contracts

Sources: Nonstatutory Stock Option Agreement (Intervideo Inc), Nonstatutory Stock Option Agreement (Intervideo Inc)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Five Below, Inc), Non Qualified Stock Option Agreement (Five Below, Inc)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Mothers Work Inc), Non Qualified Stock Option Agreement (Mothers Work Inc)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Lululemon Athletica Inc.), Non Qualified Stock Option Agreement (Lululemon Athletica Inc.)

Nature of the Option. This Option is intended by the Company and the Optionee to be a nonstatutory option, in contrast to a stock option described in Sections 422(b) or 423(b) of the Internal Revenue Code of 1986, as amended (“Nonstatutory Option”) and does not qualify for any special tax benefits to the Optionee. This option is not intended to be NOT an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneeamended.

Appears in 2 contracts

Sources: Nonstatutory Stock Option Agreement (Placer Sierra Bancshares), Nonstatutory Stock Option Agreement (Placer Sierra Bancshares)

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 2 contracts

Sources: Nonstatutory Stock Option Agreement (Super Micro Computer, Inc.), Non Statutory Stock Option Agreement (Ricex Co)

Nature of the Option. This Option is NOT intended by the Company and the Optionee to be a nonstatutory stock option and is not intended to be qualify as an incentive stock option within the meaning of Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to but instead is granted as a Nonstatutory Option within the Optioneemeaning of the Plan.

Appears in 2 contracts

Sources: Nonstatutory Stock Option Agreement (Broadcom Corp), Nonstatutory Stock Option Agreement (Broadcom Corp)

Nature of the Option. This The Option is intended to be a nonstatutory stock option Non-Qualified Stock Option and is in not intended to be qualify as an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 2 contracts

Sources: Non Qualified Stock Option Award Agreement (Kenexa Corp), Non Qualified Stock Option Award Agreement (Kenexa Corp)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the OptioneeGrantee.

Appears in 2 contracts

Sources: Stock Option Agreement (Sonicport Com), Stock Option Agreement (Us Dataworks Inc)

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not NOT intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (MEDecision, Inc.)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Tekelec)

Nature of the Option. This Option is intended to be a nonstatutory non-statutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Earthlink Network Inc /De/)

Nature of the Option. This Option is intended to be a nonstatutory stock option Non-Qualified Stock Option and is not intended to be qualify as an incentive stock option within the meaning of Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Viasoft Inc /De/)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be NOT an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Interactive Network Inc /Ca)

Nature of the Option. This Option is intended to be a nonstatutory non-statutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the OptioneeGrantee.

Appears in 1 contract

Sources: Stock Option Agreement (Aqua Dyne Inc)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee. 3.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement

Nature of the Option. This Option is intended to be a nonstatutory stock non-statutory option and that is not intended to be an incentive stock option option, within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended, or and is not intended to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Non Statutory Stock Option Agreement (Broadway Financial Corp \De\)

Nature of the Option. This The Option is intended to be a nonstatutory stock option Non-Qualified Stock Option for federal income tax purposes and is not intended to be an incentive stock option within the meaning of Incentive Stock Option described by Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Non Qualified Stock Option Award Agreement (Kirklands Inc)

Nature of the Option. This Option is intended to be a nonstatutory non-statutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Employment Agreement (Innovative Software Technologies Inc)

Nature of the Option. This The Option is intended to be a nonstatutory non-qualified stock option option, and is not intended to be an incentive stock option within the meaning of described by Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or otherwise to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Aduro Biotech, Inc.)

Nature of the Option. This Option is intended to be a nonstatutory nonqualified stock option and is not intended to be an incentive stock option within the --- meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Young M Dendy)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to qualify as, and under no circumstances shall be deemed to be, an incentive stock option within the meaning of Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Star Telecommunications Inc)

Nature of the Option. This Option is intended to be a an nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or otherwise to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Nonstatutory Employee Stock Option Agreement (Cornerstone Therapeutics Inc)

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Incentive Stock Option described by Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneemaximum extent permitted by Section 422(d) of the Code. To the extent that the Option exceeds the limit set forth in Section 422(d) of the Code, it will be treated as a non-qualified stock option.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Kirklands Inc)

Nature of the Option. This Option is intended to be a nonstatutory non-statutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or otherwise to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Cisco Systems Inc)

Nature of the Option. This Option is intended to be a nonstatutory non-statutory -------------------- stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or otherwise to otherwise qualify for any special tax benefits to the Optionee.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Intervideo Inc)

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be qualify as an -------------------- incentive stock option within the meaning of as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). However, the Company does not represent or warrant that this Option qualifies as an incentive stock option. Optionee acknowledges that Optionee is responsible to otherwise qualify for any special consult with Optionee's own tax benefits advisor regarding the tax effects of the Option and the requirements necessary to obtain income tax treatment under Section 422 of the OptioneeCode, including, but not limited to, holding period requirements.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (First Financial Bancorp /Ca/)

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of as described by Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits ”) to the Optioneemaximum extent permissible under the Code. To the extent that the Option does not qualify as an incentive stock option, the Option or the portion thereof which does not so qualify shall constitute a separate Non-Qualified Stock Option.

Appears in 1 contract

Sources: Non Qualified Stock Option Award Agreement (Kaltura Inc)