Common use of Tax Effects Clause in Contracts

Tax Effects. THE FEDERAL TAX CONSEQUENCES OF EMPLOYEE STOCK OPTIONS ARE COMPLEX AND SUBJECT TO CHANGE. ACCORDINGLY, AN OPTIONEE (OR HIS OR HER GUARDIAN, ESTATE OR LEGATEE) SHOULD CONSULT WITH HIS OR HER OWN TAX ADVISOR BEFORE EXERCISING ANY OPTION OR DISPOSING OF ANY SHARES ACQUIRED UPON THE EXERCISE OF AN OPTION.

Appears in 4 contracts

Samples: Stock Option Agreement (Western Sierra Bancorp), Stock Option Plan (North Bay Bancorp/Ca), Incentive Stock Option Agreement (Central Valley Community Bancorp)

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Tax Effects. THE FEDERAL TAX CONSEQUENCES OF EMPLOYEE STOCK OPTIONS ARE COMPLEX AND SUBJECT TO CHANGE. ACCORDINGLY, AN OPTIONEE (( OR HIS OR HER GUARDIAN, ESTATE OR LEGATEE) SHOULD CONSULT WITH WHIT HIS OR HER OWN TAX ADVISOR BEFORE EXERCISING ANY OPTION OR DISPOSING OF ANY SHARES ACQUIRED UPON THE EXERCISE OF AN OPTION.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Central Valley Community Bancorp), Stock Option Agreement (Central Valley Community Bancorp), Stock Option Agreement (Central Valley Community Bancorp)

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Tax Effects. THE FEDERAL TAX CONSEQUENCES OF EMPLOYEE STOCK OPTIONS ARE COMPLEX AND SUBJECT TO CHANGE. A TAXPAYER’S PARTICULAR SITUATION MAY BE SUCH THAT SOME VARIATION OF THE GENERAL RULE IS APPLICABLE. ACCORDINGLY, AN OPTIONEE (OR HIS OR HER GUARDIAN, ESTATE OR LEGATEE) A PARTICIPANT SHOULD CONSULT WITH HIS OR HER OWN TAX ADVISOR BEFORE EXERCISING ANY OPTION OR DISPOSING OF ANY SHARES ACQUIRED UPON THE EXERCISE OF AN OPTION.

Appears in 3 contracts

Samples: Stock Option Agreement (PCB Bancorp), Stock Option Agreement (Pacific City Financial Corp), Stock Option Agreement (Community Bancorp Inc)

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