Nonqualified Option. The Option granted hereby shall be treated as a nonqualified stock option and not as an incentive stock option under the Internal Revenue Code.
Nonqualified Option. The Option is not qualified for favorable tax treatment under Sections 422 or 423 of the Internal Revenue Code of 1986, as amended (the “Code”). Scivanta recommends that you consult with your tax advisor regarding the tax consequences related to the Option.
Nonqualified Option. Nonqualified Option" means any Option that is not an Incentive Option. To the extent that any Option designated as an Incentive Option fails in whole or in part to qualify as an Incentive Option, including, without limitation, for failure to meet the limitations applicable to a 10% Shareholder or because it exceeds the annual limit provided for in Section 5.6 below, it shall to that extent constitute a Nonqualified Option.
Nonqualified Option. This Option is intended to be a nonqualified stock option. The Optionee should consult with the Optionee’s own tax advisors regarding the tax effects of this Option.
Nonqualified Option. The Option is intended to be a Nonqualified Option, as defined in the 1996 Plan.
Nonqualified Option. The Option evidenced by this Agreement is a nonqualified stock option which is not intended to be governed by Section 422 of the Code.
Nonqualified Option. An Option that is not an Incentive Option.
Nonqualified Option. The Company does not intend that the Option shall be an Incentive Stock Option governed by the provisions of Section 422 of the Internal Revenue Code of 1986, as amended.
Nonqualified Option. The Option shall for all purposes be a nonqualified stock option subject to the federal income tax treatment described in Section 1.83-7 of the Federal Income Tax Regulations. Both the Company and the Optionee shall, on their respective federal income tax returns, report any transaction relating to the Option in a manner consistent with the preceding sentence.
Nonqualified Option. This Option is not intended to be an "incentive stock option" as defined in the Code and is granted outside any stock option plan adopted by the Company.
