Option Exchange. You will not be subject to tax as a result of the exchange of an eligible outstanding option for a new option. GRANT OF NEW OPTION You will not be subject to tax when the new option is granted to you. EXERCISE OF NEW OPTION When you exercise the new option, you will not be subject to tax or social insurance contributions.
Appears in 2 contracts
Sources: Offer to Exchange Options (Axt Inc), Offer to Exchange Options (Axt Inc)