Common use of Consultation With Professional Tax and Investment Advisors Clause in Contracts

Consultation With Professional Tax and Investment Advisors. Optionee acknowledges that the grant, exercise and vesting with respect to this Option, and the sale or other taxable disposition of the Shares, may have tax consequences pursuant to the Code or under local, state or international tax laws. Optionee further acknowledges that Optionee is relying solely and exclusively on Optionee’s own professional tax and investment advisors with respect to any and all such matters (and is not relying, in any manner, on the Company or any of its employees or representatives). Optionee understands and agrees that any and all tax consequences resulting from the Option and its grant, exercise and vesting, and the sale or other taxable disposition of the Shares, is solely and exclusively the responsibility of Optionee without any expectation or understanding that the Company or any of its employees or representatives will pay or reimburse Optionee for such taxes or other items.

Appears in 18 contracts

Samples: Incentive Stock Option Agreement (NovaBay Pharmaceuticals, Inc.), Incentive Stock Option Agreement (Iteris, Inc.), Non Incentive Stock Option Agreement (Irvine Sensors Corp/De/)

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Consultation With Professional Tax and Investment Advisors. Optionee Optionholder acknowledges that the grant, exercise and vesting with respect to this Option, and the sale or other taxable disposition of the Shares, may have tax consequences pursuant to the Code or under local, state or international tax laws. Optionee Optionholder further acknowledges that Optionee Optionholder is relying solely and exclusively on OptioneeOptionholder’s own professional tax and investment advisors with respect to any and all such matters (and is not relying, in any manner, on the Company or any of its employees or representatives). Optionee Optionholder understands and agrees that any and all tax consequences resulting from the Option and its grant, exercise and vesting, and the sale or other taxable disposition of the Shares, is solely and exclusively the responsibility of Optionee Optionholder without any expectation or understanding that the Company or any of its employees or representatives will pay or reimburse Optionee Optionholder for such taxes or other items.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Barnes James A), Non Statutory Stock Option Agreement (Barnes James A)

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Consultation With Professional Tax and Investment Advisors. Optionee acknowledges that the grant, exercise and vesting with respect to this Option, and the sale or other taxable disposition of the Shares, may have tax consequences pursuant to the Internal Revenue Code or under local, state or international tax laws. Optionee further acknowledges that Optionee is relying solely and exclusively on Optionee’s own professional tax and investment advisors with respect to any and all such matters (and is not relying, in any manner, on the Company or any of its employees or representatives). Optionee understands and agrees that any and all tax consequences resulting from the Option and its grant, exercise and vesting, and the sale or other taxable disposition of the Shares, is solely and exclusively the responsibility of Optionee without any expectation or understanding that the Company or any of its employees or representatives will pay or reimburse Optionee for such taxes or other items.

Appears in 2 contracts

Samples: Incentive Stock Option Award Agreement (Learning Tree International, Inc.), Non Qualified Stock Option Award Agreement (Learning Tree International, Inc.)

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