Common use of Professional Advice Clause in Contracts

Professional Advice. The acceptance of the Options and the sale of Common Stock issued pursuant to the exercise of Options may have consequences under federal and state tax and securities laws which may vary depending upon the individual circumstances of the Optionee. Accordingly, the Optionee acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in connection with this Agreement and his or her dealings with respect to Options. Without limiting other matters to be considered with the assistance of the Optionee’s professional advisors, the Optionee should consider: (a) whether upon the exercise of Options, the Optionee will file an election with the Internal Revenue Service pursuant to Section 83(b) of the Code and the implications of alternative minimum tax pursuant to the Code; (b) the merits and risks of an investment in the underlying shares of Common Stock; and (c) any resale restrictions that might apply under applicable securities laws.

Appears in 63 contracts

Samples: Stock Option Agreement (Courtside Group, Inc.), Stock Option Agreement (Courtside Group, Inc.), Stock Option Agreement (Loton, Corp)

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Professional Advice. The acceptance of the Options and the sale of Common Stock issued pursuant to the exercise of Options may have consequences under federal and state tax and securities laws which may vary depending upon the individual circumstances of the Optionee. Accordingly, the Optionee acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in connection with this Agreement and his or her dealings with respect to Options. Without limiting other matters to be considered with the assistance of the Optionee’s professional advisors, the Optionee should consider: (a) whether upon the exercise of Options, the Optionee will file an election with the Internal Revenue Service pursuant to Section 83(b) of the Code and the implications of alternative minimum tax pursuant to the Code; (b) the merits and risks of an investment in the underlying shares of Common StockOptioned Shares; and (c) any resale restrictions that might apply under applicable securities laws.

Appears in 26 contracts

Samples: Stock Option Agreement (Bbooth, Inc.), Stock Option Agreement (Bbooth, Inc.), Stock Option Agreement (ALKALINE WATER Co INC)

Professional Advice. The acceptance of the Options Option, exercise of the Option, and the sale of Common Stock issued pursuant to following the exercise of Options Option may have consequences under federal and state tax and securities laws which may vary depending upon the individual circumstances of the OptioneeParticipant. Accordingly, the Optionee Participant acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in connection with this Agreement and his or her dealings with respect to the Options. Without limiting other matters to be considered with the assistance of the OptioneeParticipant’s professional advisors, the Optionee Participant should consider: : (a) whether upon the exercise of the Options, the Optionee Participant will file an election with the Internal Revenue Service pursuant to Section 83(b) of the Code and the implications of alternative minimum tax pursuant to the Code; (b) the merits and risks of an investment in the underlying shares Shares of Common Stock; and (c) any resale restrictions that might apply under applicable securities laws.

Appears in 16 contracts

Samples: Incentive Stock Option Agreement (Barfresh Food Group Inc.), Non Qualified Stock Option Agreement (Barfresh Food Group Inc.), Non Qualified Stock Option Agreement (Barfresh Food Group Inc.)

Professional Advice. The acceptance of the Options options and the sale of Common Stock common stock issued pursuant to the exercise of Options options may have consequences under federal and state tax and securities laws which may vary depending upon the individual circumstances of the Optioneeoptionee. Accordingly, the Optionee optionee acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in connection with this Agreement agreement and his or her dealings with respect to Optionsoptions. Without limiting other matters to be considered with the assistance of the Optioneeoptionee’s professional advisors, the Optionee optionee should consider: : (a) whether upon the exercise of Optionsoptions, the Optionee optionee will file an election with the Internal Revenue Service internal revenue service pursuant to Section section 83(b) of the Code code and the implications of alternative minimum tax pursuant to the Codecode; (b) the merits and risks of an investment in the underlying shares of Common Stockcommon stock; and (c) any resale restrictions that might apply under applicable securities laws.

Appears in 12 contracts

Samples: Stock Option Agreement (Enertopia Corp.), Stock Option Agreement (Enertopia Corp.), Stock Option Agreement (Enertopia Corp.)

Professional Advice. The acceptance of the Options and the sale of Common Stock issued pursuant to the exercise of Options may have consequences under federal and state tax and securities laws which may vary depending upon the individual circumstances of the Optionee. Accordingly, the Optionee acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in connection with this Agreement and his or her dealings with respect to Options. Without limiting other matters to be considered with the assistance of the Optionee’s 's professional advisors, the Optionee should consider: (a) whether upon the exercise of Options, the Optionee will file an election with the Internal Revenue Service pursuant to Section 83(b) of the Code and the implications of alternative minimum tax pursuant to the Code; (b) the merits and risks of an investment in the underlying shares of Common Stock; and (c) any resale restrictions that might apply under applicable securities laws.

Appears in 10 contracts

Samples: Stock Option Agreement (Geocom Resources Inc), Stock Option Agreement (Altus Explorations Inc), Stock Option Agreement (Carmina Technologies Inc)

Professional Advice. The acceptance of the Options and the sale of Common Stock issued pursuant to the exercise of Options may have consequences under federal and state tax and securities laws which may vary depending upon the individual circumstances of the Optionee. Accordingly, the Optionee acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in connection with this Agreement and his or her dealings with respect to Options. Without limiting other matters to be considered with the assistance of the Optionee’s 's professional advisors, the Optionee should consider: (a) whether upon the exercise of Options, the Optionee will file an election with the Internal Revenue Service pursuant to Section 83(b) of the Code and the implications of alternative minimum tax pursuant to the Code; (b) the merits and risks of an investment in the underlying shares of Common Stock; and (c) any resale restrictions that might apply under applicable securities laws.

Appears in 7 contracts

Samples: Stock Option Agreement (Pacific Ventures Group, Inc.), Stock Option Agreement (Trident Brands Inc), Stock Option Agreement (Western Graphite Inc.)

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Professional Advice. The acceptance of the Options and the sale of Common Stock issued pursuant to the exercise of Options may have consequences under federal and state tax and securities laws which may vary depending upon the individual circumstances of the Optionee. Accordingly, the Optionee acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in connection with this Agreement and his or her dealings with respect to Options. Without limiting other matters to be considered with the assistance of the Optionee’s professional advisors, the Optionee should consider: (a) whether upon the exercise of Options, the Optionee will file an election with the Internal Revenue Service pursuant to Section 83(b) of the Code and the implications of alternative minimum tax pursuant to the Code; (b) the merits and risks of an investment in the underlying shares of Common Stock; and (c) any resale restrictions that might apply under applicable securities laws.

Appears in 1 contract

Samples: Stock Option Agreement (Altus Explorations Inc)

Professional Advice. The acceptance of the Options and the sale of Common Stock Option Shares issued pursuant to the exercise of Options may have consequences under federal and state tax and securities laws which may vary depending upon the individual circumstances of the Optionee. Accordingly, the Optionee acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in connection with this Agreement and his or her dealings with respect to Options. Without limiting other matters to be considered with the assistance of the Optionee’s professional advisors, the Optionee should consider: (a) whether upon the exercise of Options, the Optionee will file an election with the Internal Revenue Service pursuant to Section 83(b) of the Code and the implications of alternative minimum tax pursuant to the Code; (b) the merits and risks of an investment in the underlying shares of Common Stock; and (c) any resale restrictions that might apply under applicable securities laws.

Appears in 1 contract

Samples: Stock Option Agreement (PureBase Corp)

Professional Advice. The acceptance of the Options and the sale of Common Stock issued pursuant to the exercise of Options may have consequences under federal and state tax and securities laws which may vary depending upon the individual circumstances of the Optionee. Accordingly, the Optionee acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in connection with this Agreement and his or her dealings with respect to Options. Without limiting other matters to be considered with the assistance of the Optionee’s professional advisors, the Optionee should consider: (a) whether upon the exercise of Options, the Optionee will file an election with the Internal Revenue Service pursuant to Section 83(b) of the Code and the implications of alternative minimum tax pursuant to the Code; ; (b) the merits and risks of an investment in the underlying shares of Common StockOptioned Shares; and and (c) any resale restrictions that might apply under applicable securities laws.

Appears in 1 contract

Samples: Stock Option Agreement (KonaRed Corp)

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