No Section 83(b) Election. You acknowledge and agree that you will be taxed on Shares subject to this Award as they vest in accordance with the above schedule and that you will not make an election under Section 83(b) of the Internal Revenue Code of 1986, as amended, with respect to any shares granted under this Agreement. If you make such an election in violation of this Agreement then all unvested Shares shall immediately, upon discovery of the violation, be forfeited and you will indemnify and hold harmless the Company for any lost tax deductions or other adverse tax consequences suffered by the Company as a result of your violation.
Appears in 4 contracts
Samples: Incentive Stock Award Agreement (Cadence Design Systems Inc), Incentive Stock Award Agreement (Cadence Design Systems Inc), Incentive Stock Award Agreement (Cadence Design Systems Inc)
