Common use of Non-Qualified Option Clause in Contracts

Non-Qualified Option. The Option is not intended to be, and will not be treated as, an "incentive stock option" within the meaning of Section 422 of the Code.

Appears in 3 contracts

Samples: Stock Option Agreement (Penn Akron Corp), Stock Option Agreement (Penn Akron Corp), Stock Option Agreement (Penn Akron Corp)

AutoNDA by SimpleDocs

Non-Qualified Option. The Option is not intended to be, and will not be treated as, qualify as an "incentive stock option" within the meaning of option under Section 422 of the CodeCode but rather shall be treated and taxable as a non-qualified option.

Appears in 1 contract

Samples: Stock Option Agreement (Dayton Superior Corp)

AutoNDA by SimpleDocs

Non-Qualified Option. The Option is not intended to be, and will not be treated as, an "incentive stock option" options within the meaning of Section 422 of the Code.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Knoll Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!