Common use of Nonstatutory Option Clause in Contracts

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”).

Appears in 5 contracts

Samples: Stock Option Agreement (MEI Pharma, Inc.), Stock Option Agreement (MEI Pharma, Inc.), Nonstatutory Stock Option Agreement (Infinity Pharmaceuticals, Inc.)

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Nonstatutory Option. It is intended that the The Option shall be a Nonstatutory Option, and is not be intended to qualify as an incentive stock option as defined in Section 422 within the meaning of ss.422 of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”).

Appears in 4 contracts

Samples: Consultant Nonstatutory Option Agreement (Webvalley Inc), Nonstatutory Option Agreement (Webvalley Inc), Consultant Nonstatutory Option Agreement (Webvalley Inc)

Nonstatutory Option. It The Option is not intended that the Option shall not to be an incentive stock ------------------- option as defined in within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”).

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement (Summit Medical Systems Inc /Mn/), Nonstatutory Stock Option Agreement (Summit Medical Systems Inc /Mn/), Nonstatutory Stock Option Agreement (Summit Medical Systems Inc /Mn/)

Nonstatutory Option. It The Option is not intended that the Option shall not be to qualify as an incentive stock option as defined in Section 422 of under the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”).

Appears in 1 contract

Samples: Option Agreement (Franks Nursery & Crafts Inc)

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Nonstatutory Option. It The Option is not intended that the Option shall not to be an incentive ------------------- stock option as defined in within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”).

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Summit Medical Systems Inc /Mn/)

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