Common use of Nature of the Option Clause in Contracts

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be and is a nonstatutory stock option Nonstatutory Stock Option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory non-statutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended by the Company and the Optionee to be a nonstatutory stock option and does not qualify for any special tax benefits to the Optionee. This option is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneeamended.

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of as described by Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to for the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory nonqualified stock option and is not intended to be an incentive stock option within the meaning of Section 422 422A of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not NOT intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "CodeCODE"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is shall not intended to be treated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not NOT intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended by FNB and the Optionee to be a nonstatutory stock option and does not qualify for any special tax benefits to the Optionee. This option is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneeamended.

Nature of the Option. This The Option is intended to be a nonstatutory non-statutory stock option and is not intended to be NOT an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the OptioneeGrantee.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a an nonstatutory -------------------- stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or otherwise to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This The Option is intended to be a nonstatutory stock option Non-Qualified Stock Option and is in not intended to be qualify as an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended by the Company and the Optionee to be a nonstatutory option, in contrast to a stock option described in Sections 422(b) or 423(b) of the Internal Revenue Code of 1986, as amended (“Nonstatutory Option”) and does not qualify for any special tax benefits to the Optionee. This option is not intended to be NOT an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneeamended.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be NOT an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory non-statutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the OptioneeGrantee.

Nature of the Option. This Option is intended to be a nonstatutory non-statutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not NOT intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended by the Company and the -------------------- Optionee to be a nonstatutory stock option and does not qualify for any special tax benefits to the Optionee. This option is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneeamended.

Nature of the Option. This Option is intended by the Bank and the Optionee to be a nonstatutory stock option and does not qualify for any special tax benefits to the Optionee. This option is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneeamended.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be qualify as an -------------------- incentive stock option within the meaning of as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). However, the Company does not represent or warrant that this Option qualifies as an incentive stock option. Optionee acknowledges that Optionee is responsible to otherwise qualify for any special consult with Optionee's own tax benefits advisor regarding the tax effects of the Option and the requirements necessary to obtain income tax treatment under Section 422 of the OptioneeCode, including, but not limited to, holding period requirements.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory non-statutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be qualify as an "incentive stock option within the meaning of option," as that term is defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optioneeamended.

Nature of the Option. This Option is intended to be a nonstatutory stock non-statutory option and that is not intended to be an incentive stock option option, within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended, or and is not intended to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory nonqualified stock option and is not intended to be an incentive stock option within the --- meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory non-statutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or otherwise to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a an nonstatutory stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or otherwise to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within “Incentive Stock Option” as defined in and subject to the meaning limitations of Section 422 422A of the Internal Revenue Code of 19861986 and it shall not be treated as an Incentive Stock Option, as amended (whether or not, by its terms, it meets the "Code"), or to otherwise qualify for any special tax benefits to the Optionee.requirements of Section 422A.

Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or to otherwise qualify for any special tax benefits to the Optionee. 3.

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of as described by Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"), or to otherwise qualify for any special tax benefits ”) to the Optioneemaximum extent permissible under the Code. To the extent that the Option does not qualify as an incentive stock option, the Option or the portion thereof which does not so qualify shall constitute a separate Non-Qualified Stock Option.

Nature of the Option. This The Option is intended to be a nonstatutory non-qualified stock option option, and is not intended to be an incentive stock option within the meaning of described by Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or otherwise to otherwise qualify for any special tax benefits to the Optionee.

Nature of the Option. This The Option is intended to be a nonstatutory stock option and is not intended to be an incentive stock option within the meaning of as described by Section 422 of the Internal Revenue Code of 1986, as amended (the "“Code"”), or to otherwise qualify for any special tax benefits to for the OptioneeGrantee.

Nature of the Option. This Option is intended to be a nonstatutory non-statutory -------------------- stock option and is not intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), or otherwise to otherwise qualify for any special tax benefits to the Optionee.