Common use of Nature of the Option Clause in Contracts

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 an Incentive Stock Option.

Appears in 4 contracts

Sources: Nonstatutory Stock Option Agreement (Lam Research Corp), Nonstatutory Stock Option Agreement (Lam Research Corp), Nonstatutory Stock Option Agreement (Lam Research Corp)

Nature of the Option. This Option 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 option is not an Incentive Stock OptionOption and is not subject to Section 7(g) of the Plan.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (Sun Microsystems, Inc.), Non Statutory Stock Option Agreement (Sun Microsystems, Inc.), Nonstatutory Stock Option Agreement (Sun Microsystems Inc)

Nature of the Option. This Option is intended by the Company and the Optionee to be a nonstatutory stock option, option and does is not intended to qualify for any a special tax benefits benefit to the Optionee. This Option is not an Incentive Stock Option.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (Nautilus Group Inc), Executive Employment Agreement (Nautilus Group Inc), Nonstatutory Stock Option Agreement (Direct Focus Inc)

Nature of the Option. This Option is a nonqualified stock option and is not 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 an Incentive Stock Option.

Appears in 2 contracts

Sources: Director's Stock Option Agreement (Mips Technologies Inc), Director's Stock Option Agreement (Mips Technologies Inc)

Nature of the Option. This Option is intended by the Company and the Optionee to be a nonstatutory stock optionNonstatutory Stock Option, and does not qualify for any special tax benefits to the Optionee. This Option is not an Incentive Stock OptionOption and is not subject to Section 5(b) of the Plan.

Appears in 2 contracts

Sources: Employment Agreement (Applied Micro Circuits Corp), Nonstatutory Stock Option Agreement (Lightspan Partnership Inc)

Nature of the Option. This The Option is a non-statutory, non-qualified stock option and is not 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 an Incentive Stock Option.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Firetector Inc)

Nature of the Option. This Stock 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 Stock Option is not an Incentive Stock Option.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Lam Research Corp)

Nature of the Option. This Option is a Nonstatutory Stock Option, is -------------------- not 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 Optionee and is not an granted outside of the Company's 1998 Stock Incentive Stock OptionPlan, as amended.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Senesco Technologies Inc)

Nature of the Option. This Option is a Nonstatutory Stock Option and -------------------- is not 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 an Incentive Stock Option.

Appears in 1 contract

Sources: Director Option Agreement (Applied Micro Circuits Corp)

Nature of the Option. This Option is intended by the Company and the Optionee to be a nonstatutory stock option, Non-Qualified 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.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (MEDecision, 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 an Incentive Stock Option.

Appears in 1 contract

Sources: Stock Option Agreement (Synopsys Inc)

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

Appears in 1 contract

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

Nature of the Option. This Option is intended by the Company and the Optionee to be a nonstatutory stock optionNonstatutory Stock Option, and does not qualify for any special tax benefits to the Optionee. This Option is not an Incentive Stock Option.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Trident Microsystems Inc)

Nature of the Option. This The Option is a Nonstatutory Stock Option and is not 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 an Incentive Stock Option.

Appears in 1 contract

Sources: Stock Option Agreement (Collagenex Pharmaceuticals Inc)

Nature of the Option. This Option is intended by the Company and the Optionee to be a nonstatutory stock option, Nonqualified Stock Option and does not qualify for any special tax benefits to the Optionee. This Option is not an Incentive Stock Option.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Broderbund Software Inc /De/)

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

Appears in 1 contract

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