Common use of Character of Options Clause in Contracts

Character of Options. Pursuant to the Plan, Options granted herein may be Incentive Stock Options or Non-Qualified Stock Options, or both. To the extent permitted under the Plan and by law, such Options shall first be considered Incentive Stock Options.

Character of Options. Pursuant to the Plan, Options granted herein may be Incentive Stock Options or Non-Qualified Nonstatutory Stock Options, or both. To the extent permitted under the Plan and by law, such The Options granted herein shall first be considered Incentive Nonstatutory Stock Options.