Common use of Status of the Option Clause in Contracts

Status of the Option. This Option is intended to be a nonqualified stock option and shall not be treated as an incentive stock option as described in Section 422 of the Code.

Appears in 8 contracts

Samples: Nonqualified Stock Option Agreement (Demegen Inc), Nonqualified Stock Option Agreement (Demegen Inc), Nonqualified Stock Option Agreement (Demegen Inc)

AutoNDA by SimpleDocs

Status of the Option. This The Option is intended to be a nonqualified stock option and shall not be treated as an incentive stock option as described in Section section 422 of the Code.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Tab Products Co), Nonqualified Stock Option Agreement (Tab Products Co), Nonqualified Stock Option Agreement (Tab Products Co)

Status of the Option. This The Option is intended to be a nonqualified stock option and shall not be treated as an incentive stock option as described in Section 422 of the Code.

Appears in 3 contracts

Samples: Employment Agreement (General Magic Inc), Nonqualified Stock Option Agreement (General Magic Inc), Nonqualified Stock Option Agreement (General Magic Inc)

Status of the Option. This The Option is intended to be a nonqualified nonstatutory stock option and shall not be treated as an incentive stock option as described in Section section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (C Cube Semiconductor Inc)

Status of the Option. This Option is intended to be a nonqualified stock option and shall not be treated as an incentive stock option as described in Section 422 section 422A(b) of the Code.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Informix Corp)

AutoNDA by SimpleDocs

Status of the Option. This Option is intended to be a nonqualified non-statutory stock option and shall not be treated as an incentive stock option as described in Section section 422 of the Code.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ciena Corp)

Status of the Option. This Option is not intended to be a nonqualified stock option and shall not be treated as an incentive stock option as described in Section option” within the meaning of section 422 of the Code, and therefore is a non-qualified stock option.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Reed's, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!