Common use of Status of the Option Clause in Contracts

Status of the Option. This Option is intended to be an incentive stock option as defined in Section 422 of the Code to the extent so qualified. The Optionee should consult with the Optionee’s own tax advisors regarding the tax effects of this Option.

Appears in 4 contracts

Samples: Executive Employment Agreement (Trimeris Inc), Executive Employment Agreement (Trimeris Inc), Incentive Stock Option Agreement (Trimeris Inc)

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Status of the Option. This Option is intended to be an incentive stock option as defined described in Section section 422 of the Code to Code, but the extent so qualifiedCompany does not represent or warrant that this Option qualifies as such. The Optionee should consult with the Optionee’s own tax advisors regarding the tax effects of this OptionOption and the requirements necessary to obtain favorable income tax treatment under section 422 of the Code, including, but not limited to, holding period requirements.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Liposcience Inc), Incentive Stock Option Agreement (Liposcience Inc)

Status of the Option. This Option is intended to be an incentive stock option as defined described in Section 422 of the Code to Code, but the extent so qualifiedCompany does not represent or warrant that this Option qualifies as such. The Optionee should consult with the Optionee’s own tax advisors regarding the tax effects of this OptionOption and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Code, including, but not limited to, holding period requirements.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Intersearch Group Inc), Incentive Stock Option Agreement (Accentia Biopharmaceuticals Inc)

Status of the Option. This The Option is intended to be an incentive stock option as defined described in Section 422 of the Code to Code, but the Company does not represent or warrant that the Option qualifies as such. To the extent so qualifiedthat the Option fails to qualify as an incentive stock option, it shall be deemed a nonqualified stock option. The Optionee should consult with the Optionee’s own tax advisors regarding the tax effects of this Optionthe Option and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Code.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Aerie Pharmaceuticals Inc)

Status of the Option. This Option is intended to be an incentive stock -------------------- option as defined described in Section section 422 of the Code to Code, but the extent so qualifiedCompany does not represent or warrant that this Option qualifies as such. The Optionee should consult with the Optionee’s 's own tax advisors regarding the tax effects of this OptionOption and the requirements necessary to obtain favorable income tax treatment under section 422 of the Code, including, but not limited to, holding period requirements.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Liposcience Inc)

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Status of the Option. This Option is intended to be an incentive stock option as defined described in Section section 422 of the Code to Code, but the extent so qualifiedCompany does not represent or warrant that this Option qualifies as such. The Optionee should consult with the Optionee’s 's own tax advisors regarding the tax effects of this OptionOption and the requirements necessary to obtain favorable income tax treatment under section 422 of the Code, including, but not limited to, holding period requirements.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ciena Corp)

Status of the Option. This Option is intended to be an incentive stock option as defined described in Section 422 of the Code to Code, but the extent so qualifiedCompany does not represent or warrant that this Option qualifies as such. The Optionee should consult with the Optionee’s 's own tax advisors regarding the tax effects of this OptionOption and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Code, including, but not limited to, holding period requirements.

Appears in 1 contract

Samples: Executive Employment Agreement (Sciquest Com Inc)

Status of the Option. This Option is intended to be an incentive stock option as defined described in Section 422 of the Code to Code, but the extent so qualifiedCompany does not represent or warrant that this Option qualifies as such. The Optionee You should consult with the Optionee’s your own tax advisors regarding the tax effects of this OptionOption and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Code, including, but not limited to, holding period requirements.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Trimeris Inc)

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