Common use of EXERCISE OF INCENTIVE Clause in Contracts

EXERCISE OF INCENTIVE. STOCK OPTION: There are no regular federal or state income or employment tax liabilities upon the exercise of an Incentive Stock Option (SEE INCENTIVE STOCK OPTION HOLDING PERIOD), although the excess, if any, of the Fair Market Value of the shares of Common Stock on the date of exercise over the Exercise Price will be treated as income for alternative minimum tax ("AMT") purposes and may subject you to AMT in the year of exercise. PLEASE CHECK WITH YOUR TAX ADVISOR.

Appears in 13 contracts

Samples: Restricted Stock Award Agreement (PVF Capital Corp), Incentive Stock Option Award Agreement (Polonia Bancorp), Restricted Stock Award Agreement (North Penn Bancorp Inc)

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EXERCISE OF INCENTIVE. STOCK OPTION: There Under this Award Agreement, there are no regular federal or state income or employment tax liabilities upon the exercise of an Incentive Stock Option (SEE INCENTIVE STOCK OPTION HOLDING PERIOD), although the excess, if any, of the Fair Market Value of the shares of Common Stock on the date of exercise over the Exercise Option Price will be treated as income for alternative minimum tax ("AMT") purposes and may subject you to AMT in the year of exercise. PLEASE CHECK WITH YOUR TAX ADVISORPlease check with your tax advisor.

Appears in 4 contracts

Samples: Incentive Stock Option Award Agreement (Provident Community Bancshares, Inc.), Restricted Stock Award Agreement (FedFirst Financial CORP), Restricted Stock Award Agreement (BV Financial, Inc.)

EXERCISE OF INCENTIVE. STOCK OPTION: There are is no regular federal or state income or employment tax liabilities liability upon the exercise of an Incentive Stock Option (SEE INCENTIVE STOCK OPTION HOLDING PERIOD), although the excess, if any, of the Fair Market Value of the shares of Common Stock on the date of exercise over the Exercise Price will be treated as income for alternative minimum tax ("AMT") purposes and may subject you to AMT in the year of exercise. PLEASE CHECK WITH YOUR TAX ADVISORPlease check with your tax advisor.

Appears in 3 contracts

Samples: Incentive Stock Option Award Agreement (Equitable Financial Corp), Incentive Stock Option Award Agreement (New England Bancshares, Inc.), Restricted Stock Award Agreement (Ameriana Bancorp)

EXERCISE OF INCENTIVE. STOCK OPTIONStock Option: There are no regular federal or state income or employment tax liabilities upon the exercise of an Incentive Stock Option (SEE INCENTIVE STOCK OPTION HOLDING PERIODsee Incentive Stock Option Holding Period), although the excess, if any, of the Fair Market Value value of the shares of Common Stock on the date of exercise over the Exercise Price will be treated as income for alternative minimum tax ("AMT") purposes and may subject you to AMT in the year of exercise. PLEASE CHECK WITH YOUR TAX ADVISORPlease check with your tax advisor.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (SI Financial Group, Inc.)

EXERCISE OF INCENTIVE. STOCK OPTIONStock Option: There are no regular federal or state income or employment tax liabilities upon the exercise of an Incentive Stock Option (SEE INCENTIVE STOCK OPTION HOLDING PERIODsee Incentive Stock Option Holding Period), although the excess, if any, of the Fair Market Value of the shares of Common Stock on the date of exercise over the Exercise Price will be treated as income for alternative minimum tax ("AMT") purposes and may subject you to AMT in the year of exercise. PLEASE CHECK WITH YOUR TAX ADVISORPlease check with your tax advisor.

Appears in 1 contract

Samples: Incentive Stock Option Award Agreement (Ocean Shore Holding Co.)

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EXERCISE OF INCENTIVE. STOCK OPTION: There Under this Award Agreement, there are no regular federal or state income or employment tax liabilities upon the exercise of an Incentive Stock Option (SEE INCENTIVE STOCK OPTION HOLDING PERIOD), although the excess, if any, of the Fair Market Value of the shares of Common Stock on the date of exercise over the Exercise Price will be treated as income for alternative minimum tax ("AMT") purposes and may subject you to AMT in the year of exercise. PLEASE CHECK WITH YOUR TAX ADVISORPlease check with your tax advisor.

Appears in 1 contract

Samples: Incentive Stock Option Award Agreement (Kentucky First Federal Bancorp)

EXERCISE OF INCENTIVE. STOCK OPTION: There Generally, there are no regular federal or state income or employment tax liabilities upon the exercise of an Incentive Stock Option (SEE "INCENTIVE STOCK OPTION HOLDING PERIOD" BELOW), although the excess, if any, of the Fair Market Value of the shares of Common Stock on the date of exercise over the Exercise Option Price will be treated as income for alternative minimum tax ("AMT") purposes and may subject you to AMT in the year of exercise. PLEASE CHECK WITH YOUR TAX ADVISORPlease check with your tax advisor.

Appears in 1 contract

Samples: Incentive Stock Option Award Agreement (Ottawa Savings Bancorp, Inc.)

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