Common use of Income Tax Consequences Clause in Contracts

Income Tax Consequences. The Optionee acknowledges that the Company has advised him or her that there are income tax consequences related to the purchase of Shares by the Optionee and that the Company has recommended that he or she obtain independent advice on the tax consequences of the purchase of the Shares. The Optionee hereby releases and discharges the Company and its affiliates, directors, officers and agents from any and all responsibility or liability with respect to any tax consequences to the Optionee of his or her purchase or sale of the Shares of the Company purchased by the Optionee under the Plan or otherwise.

Income Tax Consequences. The Optionee Employee acknowledges that the Company has advised him or her that there are income tax consequences related to the purchase of Optioned Shares by the Optionee Employee and that the Company has recommended that he or she obtain independent advice on the tax consequences of the purchase of the Sharessuch shares. The Optionee Employee hereby releases and discharges the Company and its affiliates, directors, officers and agents from any and all responsibility or liability with respect to any tax consequences to the Optionee Employee of his or her purchase or sale of the Shares shares of the Company purchased by the Optionee Employee under the Plan or otherwise.