Common use of Designation of Option Clause in Contracts

Designation of Option. The option granted hereby is a Nonqualified Option which is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Telecom Wireless Corp/Co), Nonqualified Stock Option Agreement (Telecom Wireless Corp/Co), Nonqualified Stock Option Agreement (Telecom Wireless Corp/Co)

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Designation of Option. The option Option granted hereby is a Nonqualified Option non-qualified option. A "non-qualified option" means a stock option which is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Telecom Wireless Corp/Co), Nonqualified Stock Option Agreement (Telecom Wireless Corp/Co)

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