Common use of Exercise of Nonqualified Stock Option Clause in Contracts

Exercise of Nonqualified Stock Option. Because this Option is an unqualified stock option, there may be a regular federal and California income tax liability upon the exercise of this Option. Participant will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price. The Company will be required to withhold from Participant's compensation or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonqualified Stock Option. Because this Option is an unqualified stock option, there There may be a regular ------------------------------------- federal and California income tax liability upon the exercise of this the Option. Participant will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price. The If Participant is a current or former employee of the Company, the Company will may be required to withhold from Participant's compensation or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonqualified Stock Option. Because this Option is an unqualified stock option, there There may be a regular federal and California income tax liability upon the exercise of this the Option. Participant will may be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price. The Company will be required to withhold from Participant's compensation or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonqualified Stock Option. Because this Option is an unqualified stock option, there There may be a regular federal income tax liability and a California income tax liability upon the exercise of this the Option. Participant will Purchaser may be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise PricePurchase Price Per Share. The Company will be required to withhold from ParticipantPurchaser's compensation or collect from Participant Purchaser and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonqualified Stock Option. Because this Option is an unqualified stock option, there There may be a ------------------------------------- regular federal and California income tax liability upon the exercise of this the Option. Participant will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value Fair Market Value of the Shares on the date of exercise over the Exercise Price. The If Participant is a current or former employee of the Company, the Company will may be required to withhold from Participant's compensation or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonqualified Stock Option. Because this Option is an unqualified stock option, there There may be a regular ------------------------------------- federal and California income tax liability upon the exercise of this the Option. Participant will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value Fair Market Value of the Shares on the date of exercise over the Exercise Price. The If Participant is a current or former employee of the Company, the Company will may be required to withhold from Participant's compensation or collect from Participant and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.