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").]

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").]

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").]

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").]

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