Common use of Character of Option Clause in Contracts

Character of Option. [The Option is an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").] [Delete Prior and Insert Language for Non-Qualified Option: This Option is a non-qualified stock option and is therefore not an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").]

Appears in 4 contracts

Samples: Employment Agreement (E-Dentist Com Inc), Employment Agreement (Ilinc Communications Inc), Employment Agreement (E-Dentist Com Inc)

AutoNDA by SimpleDocs

Character of Option. [The Option is not intended to be treated as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").] [Delete Prior and Insert Language for Non-Qualified Option: This Option is , ”), but as a non-qualified nonstatutory stock option and is therefore not an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").]

Appears in 4 contracts

Samples: Nonstatutory Stock Option and Reverse Vesting Agreement (ViewRay, Inc.), Nonstatutory Stock Option and Reverse Vesting Agreement (ViewRay, Inc.), Nonstatutory Stock Option and Reverse Vesting Agreement (Viewray Inc)

Character of Option. [The Option is not an "incentive stock option" ------------------- within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").] [Delete Prior and Insert Language for Non-Qualified Option: This Option is a non-qualified stock option and is therefore not an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").]

Appears in 2 contracts

Samples: Engagement Agreement (Azz Inc), Stock Option Agreement (Azz Inc)

Character of Option. [The Option This option is a non-qualified stock option as such is defined in the Internal Revenue Code of 1986 (the “Code”). It is not an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").] [Delete Prior and Insert Language for Non-Qualified Option: This Option is a non-qualified stock option and is therefore not an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").]

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Globalscape Inc)

AutoNDA by SimpleDocs

Character of Option. [The Option is an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").] [Delete Prior and Insert Language for Non-Qualified Option: This ; provided, however, that to the extent the Option is a non-qualified does not qualify as an incentive stock option and is therefore not by virtue of exceeding the $100,000 limitation in Section 422(d) of the Code, the Option shall be treated as an "option other than an incentive stock option." within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").]2

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Mobility Electronics Inc)

Character of Option. [The Option is an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").] [Delete Prior and Insert Language for Non-Qualified Option: This ; provided, however, that to the extent the Option is a non-qualified does not qualify as an incentive stock option and is therefore not by virtue of exceeding the $100,000 limitation in Section 422(d) of the Code, the Option shall be treated as an "option other than an incentive stock option" within the meaning of ." (iii) Section 422 4 of the Internal Revenue Code of 1986, Agreement is hereby amended to read in its entirety as amended (the "Code").]follows:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Mobility Electronics Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!