Common use of Nonstatutory Stock Option Clause in Contracts

Nonstatutory Stock Option. The Option granted in this Paragraph is intended not to qualify as an incentive stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986 and shall be so construed.

Appears in 5 contracts

Sources: Employment Agreement (Uniview Technologies Corp), Employment Agreement (Uniview Technologies Corp), Employment Agreement (Uniview Technologies Corp)

Nonstatutory Stock Option. The Option granted in this Paragraph This option shall be a nonstatutory stock option and is intended not to qualify be treated as an incentive stock Option option within the meaning of Section 422 of the Internal Revenue Code of 1986 and shall be so construed1986, as amended.

Appears in 3 contracts

Sources: Employment Agreement (MFN Financial Corp), Employment Agreement (MFN Financial Corp), Employment Agreement (MFN Financial Corp)

Nonstatutory Stock Option. The Option granted in this Paragraph is intended not to qualify as an incentive stock Option option within the meaning of Section 422 of the Internal Revenue Code of 1986 1986, as amended, and shall be so construed.

Appears in 2 contracts

Sources: Stock Option Agreement (Petrolite Corp), Stock Option Agreement (Baker Hughes Inc)

Nonstatutory Stock Option. The This Option granted in this Paragraph is intended shall not to qualify be treated as ------------------------- an incentive stock Incentive Stock Option within the meaning of Section under section 422 of the Internal Revenue Code of 1986 and shall be so construed1986, as amended (the "Code").

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Dataware Technologies Inc)