Common use of Exercise of Incentive Stock Option Clause in Contracts

Exercise of Incentive Stock Option. If the Option qualifies as an incentive stock option, there will be no regular federal income tax liability or California income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value of the Shares on the date of exercise over the Purchase Price Per Share will be treated as a tax preference item for federal income tax purposes and may subject Purchaser to the alternative minimum tax in the year of exercise.

Exercise of Incentive Stock Option. If the this Option qualifies as an incentive stock optionIncentive Stock Option, there will be no regular federal income tax liability or California income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value Fair Market Value of the Shares on the date of exercise over the Purchase Exercise Price Per Share will be treated as a tax preference item for federal income tax purposes and may subject Purchaser an adjustment to the alternative minimum tax in the year of exercise.alternative

Exercise of Incentive Stock Option. If the Option qualifies as an incentive stock option, there will be no regular federal income tax liability or California income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value Fair Market Value of the Shares on the date of exercise over the Purchase Exercise Price Per Share will be treated as a tax preference item for federal income tax purposes and may subject Purchaser to the alternative minimum tax in the year of exercise.

Exercise of Incentive Stock Option. If the Option qualifies as an incentive stock option, there will be no regular federal income tax liability or California income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value Fair Market Value of the Shares on the date of exercise over the Purchase Exercise Price Per Share will be treated as a tax preference item for federal alternative minimum income tax purposes and may subject Purchaser to the alternative minimum tax in the year of exercise.

Exercise of Incentive Stock Option. If the this Option qualifies as an incentive stock optionIncentive Stock Option, there will be no regular federal income tax liability or California income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value Fair Market Value of the Shares on the date of exercise over the Purchase Exercise Price Per Share will be treated as a an adjustment to the alternative minimum tax preference item for federal income tax purposes and may subject Purchaser Optionee to the alternative minimum tax in the year of exercise.

Exercise of Incentive Stock Option. If the this Option qualifies as an incentive stock optionIncentive Stock Option, there will be no regular federal income tax liability or California income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value Fair Market Value of the Shares on the date of exercise over the Purchase Exercise Price Per Share will be treated as a an adjustment to the alternative minimum tax preference item for federal income tax purposes and may subject Purchaser Optionee to the alternative minimum tax (up to a maximum of 28%) in the year of exercise.

Exercise of Incentive Stock Option. If the Option qualifies as ---------------------------------- an incentive stock option, there will be no regular federal income tax liability or California income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value of the Shares on the date of exercise over the Purchase Price Per Share will be treated as a tax preference item for federal income tax purposes and may subject Purchaser to the alternative minimum tax in the year of exercise.

Exercise of Incentive Stock Option. If the this Option qualifies as an incentive stock optionIncentive Stock Option, there will be no regular federal income tax liability or California income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value of the Shares on the date of exercise over the Purchase Exercise Price Per Share will be treated as a an adjustment to the alternative minimum tax preference item for federal income tax purposes and may subject Purchaser Optionee to the alternative minimum tax in the year of exercise.

Exercise of Incentive Stock Option. If the Option qualifies as an incentive stock option, there will be no regular federal income tax liability or California income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value of the Shares on the date of exercise over the Purchase Price Per Share will be treated as a tax preference item for federal income tax purposes and may subject Purchaser to the alternative minimum tax in the year of exerciseexercise as discussed further in Section 13.4 below.

Exercise of Incentive Stock Option. If the this Option qualifies as ---------------------------------- an incentive stock optionIncentive Stock Option ("ISO"), there will be no regular federal income tax liability or California income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value of the Shares on the date of exercise over the Purchase Exercise Price Per Share will be treated as a an adjustment to the alternative minimum tax preference item for federal income tax purposes and may subject Purchaser the Optionee to the alternative minimum tax in the year of exercise.