Common use of Qualification as an Incentive Stock Option Clause in Contracts

Qualification as an Incentive Stock Option. It is understood that this Option is intended to qualify as an incentive stock option as defined in Section 422 of the Internal Revenue Code (the “Code”) to the extent permitted under applicable law. Accordingly, the Participant understands that in order to obtain the benefits of an incentive stock option, no sale or other disposition may be made of shares for which incentive stock option treatment is desired until the greater of one (1) year following the date of exercise of the Option or within two (2) years from the Grant Date. The Participant understands and agrees that the Company shall not be liable or responsible for any additional tax liability the Participant incurs in the event that the Internal Revenue Service for any reason determines that this Option does not qualify as an incentive stock option within the meaning of the Code.

Qualification as an Incentive Stock Option. It is understood that this Option is intended to qualify as an “incentive stock option option” as defined in Section 422 of the Internal Revenue Code (the “Code”) to the extent permitted under applicable law. Accordingly, the Participant understands that in order to obtain the benefits of an incentive stock optionIncentive Stock Option, no sale or other disposition may be made of shares for which incentive stock option Incentive Stock Option treatment is desired until the greater of within one (1) year following the date of exercise of the Option or within two (2) years from the Grant Date. The Participant understands and agrees that the Company shall not be liable or responsible for any additional tax liability the Participant incurs in the event that the Internal Revenue Service for any reason determines that this Option does not qualify as an “incentive stock option option” within the meaning of the Code.

Qualification as an Incentive Stock Option. It is understood that this Option is intended to qualify as an incentive stock option as defined in Section 422 of the Internal Revenue Code (the “Code”) to the extent permitted under applicable law. Accordingly, the Participant understands that in order to obtain the benefits of an incentive stock option, no sale or other disposition may be made of shares for which incentive stock option treatment is desired until the greater of within one (1) year following the date of exercise of the Option or within two (2) years from the Grant Datedate of grant. The Participant understands and agrees that the Company shall not be liable or responsible for any additional tax liability the Participant incurs in the event that the Internal Revenue Service for any reason determines that this Option does not qualify as an incentive stock option within the meaning of the Code.