No Guarantees Regarding Tax Treatment. The Participant (or his or her beneficiaries) shall be responsible for all taxes with respect to the Option. The Board and the Company make no guarantees regarding the tax treatment of the Option. Neither the Board nor the Company has any obligation to take any action to prevent the assessment of any tax under Section 409A of the Code or Section 457A of the Code or otherwise and none of the Company, any of its affiliates, or any of their employees or representatives shall have any liability to the Participant with respect thereto.
Appears in 6 contracts
Samples: Non Statutory Stock Option Award Agreement (Marimed Inc.), Non Statutory Stock Option Award Agreement (Sonus Networks Inc), Qualified Stock Option Award Agreement (Sonus Networks Inc)
No Guarantees Regarding Tax Treatment. The Participant (or his or her beneficiaries) shall be responsible for all taxes with respect to the Option. The Board Committee and the Company make no guarantees regarding the tax treatment of the Option. Neither the Board Committee nor the Company has any obligation to take any action to prevent the assessment of any tax under Section 409A of the Code or (as defined below), Section 457A 4999 of the Code or otherwise and none of the Company, any of its affiliatesSubsidiary or Affiliate, or any of their employees or representatives shall have any liability to the a Participant with respect thereto.. * * *
Appears in 3 contracts
Samples: Nonqualified Stock Option Award Agreement (Party City Holdco Inc.), Nonqualified Stock Option Award Agreement (Party City Holdco Inc.), Nonqualified Stock Option Award Agreement (Party City Holdco Inc.)
No Guarantees Regarding Tax Treatment. The Participant Optionee (or his or her the Optionee’s beneficiaries) shall be responsible for all taxes with respect to the Option. The Board and the Company make no guarantees regarding the tax treatment of the Option. Neither the Board nor the Company has any obligation to take any action to prevent the assessment of any tax under the Tax Act, [Section 409A of the Code or Section 457A of the Code or otherwise otherwise], and none of the Company, any of its affiliates, Affiliate or any of their employees or representatives shall have any liability to the Participant Optionee with respect thereto.
Appears in 1 contract
No Guarantees Regarding Tax Treatment. The Participant Optionee (or his or her the Optionee’s beneficiaries) shall be responsible for all taxes with respect to the Option. The Board and the Company make no guarantees regarding the tax treatment of the Option. Neither the Board nor the Company has any obligation to take any action to prevent the assessment of any tax under Section 409A of the Code or Section 457A of the Code or otherwise otherwise, and none of the Company, any of its affiliates, Affiliate or any of their employees or representatives shall have any liability to the Participant Optionee with respect thereto.
Appears in 1 contract
No Guarantees Regarding Tax Treatment. The Participant (or his or her beneficiaries) shall be responsible for all taxes with respect to the Option. The Board and the Company make no guarantees regarding the tax treatment of the Option. Neither the Board nor the Company has any obligation to take any action to prevent the assessment of any tax under Section 409A of the Code or Section 457A of the Code or otherwise and none of the Company, any of its affiliates, or any of their employees or representatives shall have any liability to the Participant with respect thereto.
Appears in 1 contract
Samples: Non Statutory Stock Option Award Agreement (Ribbon Communications Inc.)
