Common use of Independent Tax Advice Clause in Contracts

Independent Tax Advice. The Employee agrees that he or she has obtained or will obtain the advice of independent tax counsel (or has determined not to obtain such advice, having had adequate opportunity to do so) regarding the federal and state income tax consequences of the receipt and exercise of the Option and of the disposition of Common Stock acquired upon exercise hereof. The Employee acknowledges that he or she has not relied and will not rely upon any advice or representation by the Company or by its employees or representatives with respect to the tax treatment of the Option.

Appears in 6 contracts

Samples: Director Non Qualified Stock Option Agreement (Portola Packaging Inc), Employment Agreement (Smartdisk Corp), Employment Agreement (Smartdisk Corp)

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Independent Tax Advice. The Employee agrees that he or she has obtained or will obtain the advice of independent tax counsel (or has determined not to obtain such advice, having had adequate opportunity to do so) regarding the federal and federal, state and/or foreign income tax consequences of the receipt and exercise of the Option and of the disposition of Common Stock acquired upon exercise hereof. The Employee acknowledges that he or she has not relied and will not rely upon any advice or representation by the Company or by its employees or representatives with respect to the tax treatment of the Option.

Appears in 6 contracts

Samples: Employee Non Qualified Stock Option Agreement (Zoran Corp \De\), Employee Non Qualified Stock Option Agreement (Oak Technology Inc), Employee Non Qualified Stock Option Agreement (Oak Technology Inc)

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Independent Tax Advice. The Employee agrees that he or she Employee has obtained or will obtain the advice of independent tax counsel (or has determined not to obtain such advice, having had adequate opportunity to do so) regarding the federal and state income tax consequences of the receipt and exercise of the Option option granted hereby and of the disposition of Common Stock acquired upon exercise hereof. The Employee acknowledges that he or she has not relied and will not rely upon any advice or representation representations by the Company or by its employees or representatives with respect to the tax treatment of the Optionoptions granted hereunder.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Cisco Systems Inc)

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