Common use of Tax Status of Option Clause in Contracts

Tax Status of Option. This Option is intended to be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option within the meaning of Section 422(b) of the Code.

Appears in 40 contracts

Sources: Stock Option Agreement (Illinois Tool Works Inc), Stock Option Agreement (PDL Biopharma, Inc.), Nonstatutory Inducement Stock Option Agreement (PDL Biopharma, Inc.)

Tax Status of Option. This Option is intended to be a Nonstatutory Stock Option nonstatutory stock option and shall not be treated as an Incentive Stock Option incentive stock option within the meaning of Section 422(b) of the Code.

Appears in 35 contracts

Sources: Nonstatutory Stock Option Agreement (Adobe Systems Inc), Nonstatutory Stock Option Agreement (Adobe Systems Inc), Nonstatutory Stock Option Agreement (Adobe Systems Inc)

Tax Status of Option. This Option is intended to be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option within the meaning of Section 422(b) of the Code. The Optionee acknowledges that the Optionee has been advised to consult with a tax advisor prior to the exercise of the Option regarding the tax consequences to the Optionee of the exercise of the Option.

Appears in 6 contracts

Sources: Nonstatutory Stock Option Agreement (Starbase Corp), Nonstatutory Stock Option Agreement (Starbase Corp), Nonstatutory Stock Option Agreement (Starbase Corp)

Tax Status of Option. This Option is intended to be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option incentive stock option within the meaning of Section 422(b) of the Code.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (Finisar Corp), Stock Option Agreement (Ross Stores Inc), Stock Option Agreement (Nayna Networks, Inc.)

Tax Status of Option. This Option is intended to be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option “incentive stock option” within the meaning of Section 422(b) of the Code.

Appears in 2 contracts

Sources: Stock Option Agreement (PDL Biopharma, Inc.), Stock Option Agreement (Nonstatutory) (PDL Biopharma, Inc.)

Tax Status of Option. This Option is not intended to be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option within the meaning of Section 422(b) of the Code. The Optionee should consult with the Optionee's own tax advisor regarding the tax effects of this Option.

Appears in 1 contract

Sources: Stock Option Agreement (Spacedev Inc)

Tax Status of Option. This Option is intended to be a Nonstatutory Nonqualified Stock Option and shall not be treated as an Incentive Stock Option within the meaning of Section 422(b) of the CodeInternal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Aquis Communications Group Inc)

Tax Status of Option. This For US tax purposes this Option is intended to be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option within the meaning of Section 422(b) of the Code.

Appears in 1 contract

Sources: Stock Option Agreement (Dts, Inc.)