Common use of Exercise of Incentive Stock Option Clause in Contracts

Exercise of Incentive Stock Option. To the extent this Option qualifies as an ISO, there will be no regular federal or Georgia income tax liability upon the exercise of this Option, although the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price will be treated as a tax preference item for federal income tax purposes and may subject the Optionee to the alternative minimum tax in the year of exercise.

Exercise of Incentive Stock Option. To the extent this the ---------------------------------- Option qualifies as an ISO, there will be no regular federal or Georgia income tax liability upon the exercise of this the Option, although the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price will be treated as a tax preference item for federal income tax purposes and may subject the Optionee to the alternative minimum tax in the year of exercise.

Exercise of Incentive Stock Option. To the extent If this Option qualifies as an Incentive Stock Option (“ISO”), there will be no regular federal or Georgia income tax liability upon the exercise of this Option, although the excess, if any, of the fair market value Fair Market Value of the purchased Shares on the date of exercise over the Exercise Price will be treated as a an adjustment to the alternative minimum tax preference item for federal income tax purposes and may subject the Optionee to the alternative minimum tax in the year of exercise.

Exercise of Incentive Stock Option. To the extent this Option qualifies as an ISO, there will be no regular federal or Georgia income tax liability upon the exercise of this Option, although the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price will be treated as a tax preference item for federal income tax purposes and may subject the Optionee to the alternative minimum tax in the year of exercise.