Common use of Material U.S. Federal Income Tax Consequences Clause in Contracts

Material U.S. Federal Income Tax Consequences. The following is a general summary of the material U.S. federal income tax consequences applicable to the amendment of the Eligible Options and the payment of the Cash Bonuses or the cancellation of tendered options and the grant of New Options in replacement. Foreign, state and local tax consequences are not addressed.

Material U.S. Federal Income Tax Consequences. The following is a general summary of the material U.S. federal income tax consequences applicable to the amendment of the Eligible Options and the payment of the Cash Bonuses or the cancellation of tendered options and the grant of New Options in replacementPayments. Foreign, state and local tax consequences are not addressed.