ISO TREATMENT. It is intended that the Option shall qualify as an "incentive stock option" as described in Section 422 of the Internal Revenue Code of 1986, as amended.
ISO TREATMENT. It is not intended that the Option shall qualify as an "incentive stock option" as described in section 422 of the Internal Revenue Code of 1986, as amended.
ISO TREATMENT. It is intended that the Option shall qualify as an “incentive share option” as described in Section 422 of the Internal Revenue Code of 1986, as amended within the limitations outlined in Section 2.5 of the 2000 Plan.
ISO TREATMENT. The Options are intended to satisfy the requirements of Section 422 of the Code relating to the issuance of “incentive stock options” (“ISOs”). In addition to the other terms and conditions relating to the Options as described elsewhere in this Agreement, the following applies with respect the Options: (i) the Administrator has determined that as of the date hereof, the fair market value of one share of Common Stock of the Company does not exceed the Exercise Price; (ii) Optionee shall not be granted Options under this Agreement during any twelve-month period covering more than 1,000,000 shares; and (iii) this Agreement, and the issuance of the Options hereunder, has been approved by the holders of a majority of the Company’s outstanding shares of stock.
ISO TREATMENT. If designated in the Notice of Grant as Incentive Stock Options, the Options granted pursuant to this Award are intended to qualify for favorable tax treatment as Incentive Stock Options (also known as “ISOs”) as defined in Section 422 of the Internal Revenue Code. Nevertheless, to the extent that the Fair Market Value of shares of Common Stock with respect to which ISOs are exercisable for the first time during any calendar year exceeds $100,000, this Option shall be treated as a Nonstatutory Stock Option. Furthermore, neither the Company nor any other person or entity guarantees, warrants or otherwise represents that this Award will produce any favorable or desired tax or other result. If Optionholder sells or otherwise disposes of any of the shares of Common Stock acquired pursuant to an ISO on or before the later of (1) the date two (2) years after the Date of Grant as set forth in Section I, and (2) the date one (1) year after the date of exercise, Optionholder must immediately notify the Company in writing of such disposition.
ISO TREATMENT. The Option is intended to qualify as an Incentive Stock Option pursuant to Section 422 of the Internal Revenue Code of 1986, as amended. Provided, however, that if the aggregate fair market value (determined on the Date of Grant) of the Incentive Stock Options (under this and any other plan of the Company and its Subsidiaries or parent) which become exercisable by you for the first time during any calendar year exceeds $100,000, such Options shall be treated as Non-statutory Stock Options.
ISO TREATMENT. The Options shall, to the fullest extent permitted under applicable tax laws, be structured to qualify as "incentive stock options" with the meaning of Section 422(b) of the Internal Revenue Code.
