Common use of Nature of the Option Clause in Contracts

Nature of the Option. This Option is not intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code.

Appears in 11 contracts

Sources: Non Qualified Stock Option Agreement (Granite City Food & Brewery Ltd.), Non Qualified Stock Option Agreement (Granite City Food & Brewery LTD), Non Qualified Stock Option Agreement (Granite City Food & Brewery LTD)

Nature of the Option. This Non-Statutory Stock Option is not intended to qualify as an Incentive Stock Option as defined in Section 422 422A of the Code.

Appears in 6 contracts

Sources: Non Statutory Stock Option Agreement (Olympic Financial LTD), Consulting Agreement (Olympic Financial LTD), Non Statutory Stock Option Agreement (Olympic Financial LTD)

Nature of the Option. This Option is not intended to qualify as an Incentive Stock Option “incentive stock option” as defined in Section 422 422(b) of the Code.

Appears in 2 contracts

Sources: Stock Option Agreement (Cisco Systems Inc), Nonstatutory Stock Option Agreement (Helen of Troy LTD)

Nature of the Option. This Option is not intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code, but is instead a Non-Statutory Stock Option as defined pursuant to the Plan.

Appears in 2 contracts

Sources: Non Statutory Stock Option Agreement (United Shipping & Technology Inc), Non Statutory Stock Option Agreement (U Ship Inc)

Nature of the Option. This To the extent this Option is does not intended to qualify as an Incentive Stock Option, this Option shall be a Nonqualified Stock Option, as defined in Section 422 of the Code.

Appears in 1 contract

Sources: Stock Option Agreement (Wilshire Financial Services Group Inc)

Nature of the Option. This Non-Statutory Stock Option is not intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code.

Appears in 1 contract

Sources: Non Statutory Stock Option Agreement (Olympic Financial LTD)

Nature of the Option. This Option is does not intended to qualify as constitute an Incentive Stock Option as defined in Section 422 of the Code.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Granite City Food & Brewery LTD)

Nature of the Option. This To the extent this Option is does not intended to qualify as an Incentive Stock Option as defined in pursuant to Section 422 of the Code, this Option shall be a nonqualified stock option for purposes of the Code. Accordingly, all options granted hereunder are nonqualified.

Appears in 1 contract

Sources: Stock Option Agreement (Wilshire Financial Services Group Inc)

Nature of the Option. This Option is a nonstatutory stock option and will not intended to qualify as an Incentive Stock Option incentive stock option as defined in Section 422 of the Code.

Appears in 1 contract

Sources: Stock Option Agreement (Metatools Inc)

Nature of the Option. This Option is a nonstatutory option and is not intended to qualify as an Incentive Stock Option incentive stock option as defined in Section 422 of the Code.

Appears in 1 contract

Sources: Director Option Agreement (Cost Plus Inc/Ca/)