We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Qualified Stock Option Clause in Contracts

Qualified Stock Option. If Shares purchased under an Incentive Stock Option are disposed of prior to the expiration of such one-year or two-year periods, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the difference between the Exercise Price and the lesser of (i) the Fair Market Value of the Shares on the date of exercise, or (ii) the sale price of the Shares.

Appears in 12 contracts

Samples: Employment Agreement (Parthusceva Inc), Non Qualified Stock Option Award (Bam Entertainment Inc), Executive Employment Agreement (Bam Entertainment Inc)