Common use of Individual Dollar Limitation Clause in Contracts

Individual Dollar Limitation. The aggregate Fair Market Value (determined as of the time an Award is made) of all shares of Stock with respect to which Incentive Stock Options are first exercisable by a Participant in any one calendar year may not exceed $100,000 or such other limitation as may then be imposed by Section 422(d) of the Code or any successor provision. To the extent that Incentive Stock Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Nonqualified Stock Options.

Individual Dollar Limitation. The aggregate Fair Market Value (determined as of the time an Award is made) of all shares of Stock with respect to which Incentive Stock Options are first exercisable by a Participant in any one calendar year may not exceed $100,000 or such other limitation as may then be imposed by Section 422(d) of the Code or any successor provision. To the extent that Incentive Stock Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Nonqualified Stock Options100,000.00.

Individual Dollar Limitation. The aggregate Fair Market Value (determined as of the time an Award the Option is madegranted) of all shares of Stock Shares with respect to which Incentive Stock Share Options are first exercisable by a Participant in any one calendar year may not exceed $US$100,000 or such other limitation as may then be imposed by Section 422(d) of the Code Code, or any successor provision. To the extent that Incentive Stock Share Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Nonqualified Stock Non-Statutory Share Options.