Common use of Option Designation Clause in Contracts

Option Designation. This Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option under Section 422 of the Internal Revenue Code.

Appears in 3 contracts

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

Option Designation. This Option is intended to be a Non-qualified Qualified Stock Option and not an Incentive Stock Option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Sources: Non Qualified Stock Option Grant Agreement (Veru Inc.)