Common use of Independent Tax Advice Clause in Contracts

Independent Tax Advice. The Optionee agrees that Optionee has or will obtain the advice of independent tax counsel regarding the federal and state income tax consequences of the receipt and exercise of the option granted hereby and of the disposition of Common Stock acquired upon exercise hereof. The Optionee acknowledges that he has not relied and will not rely upon any advice or representations by the Company or by its employees or representatives with respect to the tax treatment of options granted hereunder.

Appears in 7 contracts

Samples: Nonqualified Stock Option Agreement (Oryx Technology Corp), Nonqualified Stock Option Agreement (Oryx Technology Corp), Nonqualified Stock Option Agreement (Oryx Technology Corp)

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Independent Tax Advice. The Optionee agrees that the Optionee has or will obtain the advice of independent tax counsel 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 the Stock acquired upon exercise hereof. The Optionee acknowledges that he the Optionee has not relied and will not rely upon any advice or representations by the Company or by its employees or representatives with respect to the tax treatment of options the Option granted hereunder.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Pacificorp /Or/)

Independent Tax Advice. The Optionee agrees that Optionee it 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 granted hereby Option and of the disposition of Common Stock acquired upon exercise hereof. The Optionee acknowledges that he it has not relied and will not rely upon any advice or representations representation by the Company or by its employees or representatives with respect to the tax treatment of options granted hereunderthe Option.

Appears in 1 contract

Samples: Director Non Qualified Stock Option Agreement (Portola Packaging Inc)

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Independent Tax Advice. The Optionee agrees that Optionee has or will obtain the advice of independent tax counsel regarding the federal and state income tax consequences of the receipt and exercise of the option granted hereby this Option and of the disposition of Common Stock Shares acquired upon exercise hereof, including advice regarding the imposition of the alternative minimum tax on tax preferences generated by exercise of stock options and regarding any holding period requirements for preferential tax treatment. The Optionee acknowledges that he or she has not relied and will not rely upon any advice or representations by the Company or by its employees or representatives with respect to the tax treatment of options granted hereunderthis Option or any Shares issued upon exercise of this Option.

Appears in 1 contract

Samples: Employment Agreement (Embarcadero Technologies Inc)

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