Common use of Nonqualified Option Clause in Contracts

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.

Appears in 10 contracts

Samples: Stock Option Agreement (Scivanta Medical Corp), Stock Option Agreement (Scivanta Medical Corp), Stock Option Agreement (Scivanta Medical Corp)

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