Nonstatutory Option. This Option has been designated by the Committee as a Nonstatutory Option; it does not qualify as an Incentive Stock Option.
Nonstatutory Option. It is intended that the Option shall not be an incentive stock option as defined in Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”).
Nonstatutory Option. The Warrant is granted to purchase up to the number of shares of authorized but unissued common stock of the Company specified in Section 1 (the “Shares”). The Warrant will expire, and all rights to exercise it will terminate on the earliest of: (a) the date provided below in Sections 8 and 9, and (b) the Expiration Date.
Nonstatutory Option. The Optionee understands that the option granted hereunder is a nonstatutory stock option not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). Accordingly, the Company shall not be obligated to issue any Optioned Shares until there has been compliance with such laws and regulations as the Company may deem applicable, including, if required, federal, state or local withholding tax requirements.
Nonstatutory Option. An Award in the form of an Option that shall not be intended to, or has otherwise failed to, comply with the requirements of Section 422 of the Code.
Nonstatutory Option. This Option does not qualify as an incentive stock option.
Nonstatutory Option. The Option is granted to purchase up to the number of shares of authorized but unissued common stock of the Company specified in Section 1 (the “Shares”). The Option will expire, and all rights to exercise it will terminate on the earliest of: (a) the date provided below in Sections 8 and 9, and (b) the Expiration Date. This Option is intended by the Company and the Optionee to be a Non-Statutory Stock Option and does not qualify for any special tax benefits to the Optionee.
Nonstatutory Option. In consideration of your agreement contained in this letter, the Company hereby grants to you a nonstatutory option (the "Option") to purchase from the Company up to 348,771 shares of common stock of the Company ("Company Stock") at a price of $10.1250 per share (the "Option Price").
Nonstatutory Option. This Option is not intended to be an incentive stock option within the meaning of Section 422 of the Code.
Nonstatutory Option. The Option shall be a Nonstatutory Option, as ------------------- defined in the Plan.
