Nonqualified Option. The Option shall for all purposes be a nonqualified stock option subject to the federal income tax treatment described in Section 1.83-7 of the Federal Income Tax Regulations. Both the Company and the Optionee shall, on their respective federal income tax returns, report any transaction relating to the Option in a manner consistent with the preceding sentence.
Appears in 3 contracts
Sources: Stock Option Agreement (New Horizons Worldwide Inc), Stock Option Agreement (New Horizons Worldwide Inc), Stock Option Agreement (New Horizons Worldwide Inc)