Common use of No Guarantee of Tax Consequences Clause in Contracts

No Guarantee of Tax Consequences. The Company and the Committee make no commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the Option. The Optionee has been advised and been provided the opportunity to obtain independent legal and tax advice regarding the grant and exercise of the Option and the disposition of any Shares acquired thereby.

Appears in 11 contracts

Samples: Incentive Stock Option Agreement (Petroquest Energy Inc), Incentive Stock Option Agreement (Resaca Exploitation, Inc.), Incentive Stock Option Agreement (Resaca Exploitation, Inc.)

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No Guarantee of Tax Consequences. The Company and the Committee make no commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the Option. The Optionee has been advised and been provided the opportunity to obtain independent legal and tax advice advise regarding the grant and exercise of the Option and the disposition of any Shares acquired thereby.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Basic Energy Services Inc), Nonqualified Stock Option Agreement (Basic Energy Services Inc), Nonqualified Stock Option Agreement (Basic Energy Services Inc)

No Guarantee of Tax Consequences. The Company and the Committee make no commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the Option. The Optionee Grantee has been advised and been provided the opportunity to obtain independent legal and tax advice regarding the grant and exercise of the Option and the disposition of any Shares acquired thereby.

Appears in 5 contracts

Samples: Nonstatutory Stock Option Grant Agreement (Gexa Corp), Nonstatutory Stock Option Grant Agreement (Mission Resources Corp), Nonstatutory Stock Option Grant Agreement (Gexa Corp)

No Guarantee of Tax Consequences. The Company and None of the Company, Board or Committee make no makes any commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the Option. The Optionee has been advised and been provided the opportunity to obtain independent legal and tax advice regarding the grant and exercise of the this Option and the disposition of any Shares acquired thereby.

Appears in 2 contracts

Samples: Qualified Stock Option Agreement (Applied Voice Recognition Inc /De/), Nonqualified Stock Option Agreement (Applied Voice Recognition Inc /De/)

No Guarantee of Tax Consequences. The Company and the Committee make no commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the Option. The Optionee Grantee has been advised and been provided the opportunity to obtain independent legal and tax advice regarding this Agreement, the grant Option and exercise of the Option and the disposition of any Option Shares acquired thereby.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Input Output Inc)

No Guarantee of Tax Consequences. The Company and the Neither Company, Board or Committee make no makes any commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the Option. The Optionee has been advised and been provided the opportunity to obtain independent legal and tax advice regarding the grant and exercise of the this Option and the disposition of any Shares acquired thereby.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cheniere Energy Inc)

No Guarantee of Tax Consequences. The the Company and the Committee make no commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the Option. The the Optionee has been advised and been provided the opportunity to obtain independent legal and tax advice regarding the grant and exercise of the Option and the disposition of any Shares acquired thereby.

Appears in 1 contract

Samples: Employment Agreement (Washington Homes Inc)

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No Guarantee of Tax Consequences. The Company and the Committee make no commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the Option. The Optionee Participant has been advised and been provided the opportunity to obtain independent legal and tax advice regarding the grant and exercise of the Option and the disposition of any Shares acquired thereby.

Appears in 1 contract

Samples: Stock Option Award Agreement (Petroquest Energy Inc)

No Guarantee of Tax Consequences. The Company and the Committee make no commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the OptionOptions. The Optionee has been advised and been provided the opportunity to obtain independent legal and tax advice regarding the grant and exercise of the Option Options and the disposition of any Shares acquired thereby. It is understood that the Company does not assure that an Option shall, in fact, be treated as an Incentive Stock Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Global Geophysical Services Inc)

No Guarantee of Tax Consequences. The Company and the Committee make no commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the OptionOptions. The Optionee has been advised and been provided the opportunity to obtain independent legal and tax advice regarding the grant and exercise of the Option Options and the disposition of any Shares acquired thereby.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Global Geophysical Services Inc)

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