Qualification of Option Sample Clauses

Qualification of Option. The option is intended to qualify as an incentive stock option within the meaning of the Internal Revenue Code of 1986, as amended, and shall be so construed, provided, however, that nothing herein shall be deemed to be or interpreted as a representation, guarantee, or other undertaking on the part of the Company that such option is or will be determined to be an incentive stock option within that or any other section of the Internal Revenue Code.
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Qualification of Option. The Option Holder agrees that the Group will have no liability to the Option Holder as a result of, and accordingly the Option Holder agrees to bring no action against the present and former members of the Group (from time to time) and any Associated Company of any such company (whether under this Deed or otherwise) in respect of, any liability of the Option Holder to tax or national insurance (including any obligation of the Option Holder to pay an amount in respect of employer’s national insurance to the Company or any other party) which arises in relation to the Option, including (without limitation to the foregoing) any such liability arising on the grant, waiver or exercise of the Option or arising on the sale of the shares acquired pursuant to the Option, and whether such tax or national insurance arises following: a determination that the Option is not a “qualifying option” for the purposes of Schedule 5; or the occurrence of any disqualifying event with respect to the Option, determined in accordance with Part 7 Chapter 9 of the Income Tax (Earnings and Xxxxxxxx) Xxx 0000; or otherwise. Executed as a deed by the parties on the latest date of signature below. Executed as a deed (and delivered on the date of this document) by RACKSPACE MANAGED HOSTING LIMITED acting by: Director Date of Signature Director/Secretary Date of Signature Executed as a deed (and delivered on the date of this document) by MACRO HOLDING, INC acting by: Officer Date of Signature Signed as a deed (and delivered ) on the date of this document) by ) ) in the presence of: ) ) Date of Signature Witness: Witness Signature: Full Name of Witness: Address: SCHEDULE ONE The following terms shall have the following meanings in this Deed:
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Qualification of Option. The portion of this Option designated as a Plan ISO is intended to qualify as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1954, as amended, and shall be so construed; provided, however, that neither this Agreement, nor any other undertakings on the part of DDSI, guarantees that this Plan ISO is or will be determined to be an "incentive stock option" within that or any other section of the Internal Revenue Code.
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Related to Qualification of Option

  • Qualification of Shares The Company will arrange, if necessary, for the qualification of the Shares for sale under the laws of such jurisdictions as the Manager may designate and will maintain such qualifications in effect so long as required for the distribution of the Shares; provided that in no event shall the Company be obligated to qualify to do business in any jurisdiction where it is not now so qualified or to take any action that would subject it to service of process in suits, other than those arising out of the offering or sale of the Shares, in any jurisdiction where it is not now so subject.

  • Qualification Rights Masterworks will have the right to request that the Company qualify on Form 1-A, or a comparable form, the resale of any Class A shares beneficially owned by Masterworks or any entity administered by Masterworks. There are no limitations or restrictions on the size or frequency of such qualification requests, other than pursuant to applicable law, provided, that all costs associated with any such qualification shall be the responsibility of Masterworks.

  • Duration of Option The Option shall be exercisable to the extent and in the manner provided herein for a period of ten (10) years from the Grant Date (the "Exercise Term"); provided, however, that the Option may be earlier terminated as provided in Section 6 hereof.

  • Qualification as a REIT The General Partner shall use its best efforts to cause the Partnership to distribute sufficient amounts under this Article 5 to enable the General Partner to pay dividends to the Stockholders that will enable the General Partner to

  • Expiration of Option The Option may not be exercised to any extent by anyone after the first to occur of the following events:

  • Eligibility; Disqualification There will at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $100.0 million as set forth in its most recent published annual report of condition. This Indenture will always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee is subject to TIA § 310(b).

  • Termination of Option (a) Any unexercised portion of the Option shall automatically and without notice terminate and become null and void at the time of the earliest to occur of:

  • Transferability of Option The Option shall not be transferable except by will or the laws of descent and distribution, and any attempt to do so shall void the Option.

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