Common use of Option Status Clause in Contracts

Option Status. It is the intention of the parties hereto that the Company Options assumed by Parent following the Closing pursuant to this Section 1.6 will, to the extent permitted by applicable law, qualify as incentive stock options as defined in Section 422 of the Code, to the extent any such Company Options qualified as incentive stock options immediately prior to the Effective Time.

Option Status. It is the intention of the parties hereto that the Company Options assumed by Parent following the Closing pursuant to this Section 1.6 will1.6, to the extent permitted by applicable law, will qualify as incentive stock options as defined in Section 422 of the Code, but only to the extent any such Company Options qualified as incentive stock options immediately prior to the Effective Time.

Option Status. It is the intention of the parties ------------- hereto that the Company Options assumed by Parent following the Closing pursuant to this Section 1.6 will, to the extent permitted by applicable law, qualify as incentive stock options as defined in Section 422 of the Code, to the extent any such Company Options qualified as incentive stock options immediately prior to the Effective Time.

Option Status. It is the intention of the parties hereto that the Company Options assumed by Parent following the Closing pursuant to this Section 1.6 will, to the extent permitted by applicable law, qualify as incentive stock options as defined in Section 422 of the Code, to the extent any such Company Options qualified as incentive stock options immediately prior to the Effective Time.

Option Status. It is the intention of the parties hereto that the Company Options assumed by Parent following the Closing pursuant to this Section 1.6 1.7 will, to the extent permitted by applicable law, qualify as incentive stock options as defined in Section 422 of the Code, to the extent any such Company Options qualified as incentive stock options immediately prior to the Effective Time.

Option Status. It is the intention of the parties hereto that the Company Parent Options assumed issued by Parent following the Closing pursuant to this Section 1.6 will, to the extent permitted by applicable law, continue to qualify as incentive stock options as defined in Section 422 of the Code, Code to the extent any such Company the Assumed Options qualified as incentive stock options immediately prior to the Effective TimeClosing.

Option Status. It is the intention of the parties hereto that the Company Parent Options assumed issued by Parent following the Closing pursuant to this Section 1.6 will, to the extent permitted by applicable law, qualify as incentive stock options as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), to the extent any such Company Options qualified as incentive stock options immediately prior to the Effective TimeClosing.