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

Consultation With Professional Tax and Investment Advisors. Participant acknowledges that the grant and vesting with respect to the Shares, and the sale or other taxable disposition of the vested Shares, may have tax consequences pursuant to the Internal Revenue Code of 1986, as amended, or under local, state or international tax laws. Participant further acknowledges that Participant is relying solely and exclusively on Participant’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). Participant understands and agrees that any and all tax consequences resulting from the grant and vesting of the Shares, and the sale or other taxable disposition of the vested Shares, is solely and exclusively the responsibility of Participant without any expectation or understanding that the Company or any of its employees or representatives will pay or reimburse Participant for such taxes or other items.

Appears in 7 contracts

Samples: Restricted Stock Award Agreement (Irvine Sensors Corp/De/), Restricted Stock Award Agreement (Verso Technologies Inc), Restricted Stock Award Agreement (Verso Technologies Inc)

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Consultation With Professional Tax and Investment Advisors. Participant acknowledges that the grant and grant, issuance, vesting or any payment with respect to the any Awarded Shares, and the sale or other taxable disposition of the vested Awarded Shares, may have tax consequences pursuant to the Internal Revenue Code of 1986, as amended, or under local, state or international tax laws. Participant further acknowledges that Participant he or she is relying solely and exclusively on Participant’s his or her own professional tax and investment advisors with respect to any and all such matters (and is not relying, in any manner, on the Company Corporation or any of its employees employees, agents or representatives). Finally, Participant understands and agrees that any and all tax consequences resulting from the grant Awarded Shares and their grant, issuance, vesting of the Sharesor any payment with respect thereto, and the sale or other taxable disposition of the vested Awarded Shares, is solely and exclusively the responsibility of Participant without any expectation or understanding that the Company Corporation or any of its employees employees, agents or representatives will pay or reimburse Participant for such taxes or other items.

Appears in 4 contracts

Samples: Stock Issuance Agreement (NeuroSigma, Inc.), Stock Issuance Agreement (NeuroSigma, Inc.), Stock Issuance Agreement (NeuroSigma, Inc.)

Consultation With Professional Tax and Investment Advisors. Participant acknowledges that the grant and vesting with respect to this Stock Award, the distribution of Vested Shares, and the sale or other taxable disposition of the vested Vested Shares, may have tax consequences pursuant to the Internal Revenue Code of 1986, as amended, or under local, state or international tax laws. Participant further acknowledges that Participant is relying solely and exclusively on Participant’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). Participant understands and agrees that any and all tax consequences resulting from the Stock Award and its grant and vesting vesting, the distribution of the Vested Shares, and the sale or other taxable disposition of the vested Vested Shares, is solely and exclusively the responsibility of Participant without any expectation or understanding that the Company or any of its employees or representatives will pay or reimburse Participant for such taxes or other items.

Appears in 3 contracts

Samples: Performance Restricted Stock Unit Award Agreement (U.S. Auto Parts Network, Inc.), Stock Unit Award Agreement (U.S. Auto Parts Network, Inc.), Stock Unit Award Agreement (U.S. Auto Parts Network, Inc.)

Consultation With Professional Tax and Investment Advisors. Participant acknowledges that the grant and vesting with respect to the Sharesthis Stock Award, and the sale or other taxable disposition of the vested Vested Shares, may have tax consequences pursuant to the Internal Revenue Code of 1986, as amended, or under local, state or international tax laws. Participant further acknowledges that Participant is relying solely and exclusively on Participant’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). Participant understands and agrees that any and all tax consequences resulting from the Stock Award and its grant and vesting of the Sharesvesting, and the sale or other taxable disposition of the vested Vested Shares, is solely and exclusively the responsibility of Participant without any expectation or understanding that the Company or any of its employees or representatives will pay or reimburse Participant for such taxes or other items.

Appears in 2 contracts

Samples: Stock Award Agreement (CombiMatrix Corp), Stock Award Agreement (Irvine Sensors Corp/De/)

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Consultation With Professional Tax and Investment Advisors. Participant acknowledges that the grant and vesting with respect to the Sharesthis RSU Award, and the sale or other taxable disposition of the vested Vested Shares, may have tax consequences pursuant to the Internal Revenue Code of 1986, as amended, or under local, state or international tax laws. Participant further acknowledges that Participant is relying solely and exclusively on Participant’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). Participant understands and agrees that any and all tax consequences resulting from the RSU Award and its grant and vesting of the Sharesvesting, and the sale or other taxable disposition of the vested Vested Shares, is solely and exclusively the responsibility of Participant without any expectation or understanding that the Company or any of its employees or representatives will pay or reimburse Participant for such taxes or other items.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (NovaBay Pharmaceuticals, Inc.)

Consultation With Professional Tax and Investment Advisors. Participant acknowledges that the grant and vesting with respect to the Sharesthis Restricted Stock Award, and the sale or other taxable disposition of the vested Vested Shares, may have tax consequences pursuant to the Internal Revenue Code of 1986, as amended, or under local, state or international tax laws. Participant further acknowledges that Participant is relying solely and exclusively on Participant’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). Participant understands and agrees that any and all tax consequences resulting from the grant and vesting of the Shares, and the sale or other taxable disposition of the vested Vested Shares, is solely and exclusively the responsibility of Participant without any expectation or understanding that the Company or any of its employees or representatives will pay or reimburse Participant for such taxes or other items.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (NovaBay Pharmaceuticals, Inc.)

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