Common use of Exercise of Nonstatutory Stock Option Clause in Contracts

Exercise of Nonstatutory Stock Option. There may be a regular federal income tax liability and state income tax liability upon the exercise of a Nonstatutory Stock Option. The Optionee 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. If Optionee is an employee, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There If the Option does not qualify as an Incentive Stock Option, there may be a regular federal income tax liability and state income tax liability upon the exercise of a Nonstatutory Stock the Option. The Optionee 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. If Optionee is an employeeemployee or former employee of the Company, the Company will be required to withhold from Optionee's ’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There If this Option does not qualify as an Incentive Stock Option, there may be a regular federal income tax liability and state income tax liability upon the exercise of a Nonstatutory Stock the Option. The Optionee 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. If Optionee is an employee, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There If this Option does not qualify as an Incentive Stock Option, Optionee may be a incur regular federal income tax liability and state income tax liability upon the exercise of a Nonstatutory Stock the Option. The Optionee 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. If In addition, if Optionee is an employeeemployee of the Company, the Company will be required to withhold from Optionee's ’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There may be a regular federal income tax liability and state income tax liability upon the exercise of a Nonstatutory Stock Optionnonstatutory stock option. The Optionee 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. If Optionee is an employeeEmployee or a former Employee, the Company will be required to withhold for U.S. federal taxes and FICA from Optionee's ’s compensation or proceeds from exercise or otherwise collect these amounts from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exerciseOptionee.

Exercise of Nonstatutory Stock Option. There may will be a regular ------------------------------------- federal income tax liability and state income tax liability upon the exercise of a Nonstatutory Stock Optionnonstatutory stock option. The Optionee 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. If Optionee is an employee, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There may be a regular federal income tax liability and state California income tax liability upon the exercise of a Nonstatutory Stock Option. The Optionee 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. If Optionee is an employeeEmployee, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There If this Option does not qualify as an Incentive Stock Option, there may be a regular federal income tax liability and state income tax liability upon the exercise of a Nonstatutory Stock the Option. The Optionee 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. If Optionee is an employee, the Company will be required to withhold from Optionee's ’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There If the Option is a Nonstatutory Stock Option, Optionee may be incur a regular federal income tax liability and a state income tax liability upon the exercise of a Nonstatutory Stock the Option. The Optionee 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. If Optionee is an employeeEmployee, the Company will be required to withhold from Optionee's compensation ’s compensation, or collect from Optionee Optionee, and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There may be a regular federal income tax liability and state California income tax liability upon the exercise of a Nonstatutory Stock Option. The Optionee 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. If Optionee is an employee, the Company will be required to withhold from Optionee's ’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There If this Option does not qualify as an Incentive Stock Option, there may be a regular federal income tax liability and state income tax liability upon the exercise of a Nonstatutory Stock the Option. The Optionee 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 Date of exercise Exercise over the Exercise Price. If Optionee is an employeeEmployee, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There may be a regular federal income tax liability and state California income tax liability upon the exercise of a Nonstatutory Stock Option. The Optionee 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. If Optionee is an employeeemployees, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

Exercise of Nonstatutory Stock Option. There may be a ------------------------------------- regular federal income tax liability and state income tax liability upon the exercise of a Nonstatutory Stock the Option. The Optionee 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. If Optionee is an employeeemployee or former employee of the Company, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.