Common use of Taxation upon Exercise of Option Clause in Contracts

Taxation upon Exercise of Option. Optionee understands that, upon exercise of this Option, Optionee will recognize income for tax purposes in an amount equal to the excess of the then fair market value of the Shares over the exercise price. Upon a resale of such shares by the Optionee, any difference between the sale price and the fair market value of the shares on the date of exercise of the option will be treated as capital gain or loss.

Taxation upon Exercise of Option. Optionee understands that, that upon exercise of this Option, Optionee will may recognize income for federal income tax purposes in an amount equal to the excess of the then fair market value of the Option Shares over the exercise price. Upon The Company will be required to withhold tax from Optionee’s current compensation with respect to such income; to the extent that Optionee’s current compensation is insufficient to satisfy the withholding tax liability, the Company may require the Optionee to make a resale of cash payment to cover such shares by the Optionee, any difference between the sale price and the fair market value of the shares on the date liability as a condition of exercise of the option will be treated as capital gain or lossthis Option.

Taxation upon Exercise of Option. Optionee understands that, upon exercise of this Option, Optionee will recognize income, for Federal and state income for tax purposes purposes, in an amount equal to the excess of the then fair market value of the Shares over the exercise price. Upon a resale of such shares amount by the Optionee, any difference between the sale price and which the fair market value of the shares on Shares, determined as of the date of exercise exercise, exceeds the Exercise Price. The acceptance of the option will be treated as capital gain or lossShares by Optionee shall constitute an agreement by Optionee to report such income in accordance with then applicable law and to cooperate with Company in establishing the amount of such income and corresponding deduction to the Company for its income tax purposes.

Taxation upon Exercise of Option. Optionee understands that, that upon exercise of this Option, Optionee will may recognize income for federal and state income tax purposes in an amount equal to the excess of the then fair market value of the Option Shares over the exercise price. Upon a resale of such shares by the OptioneeOptionee shall be responsible for all taxes, any difference between the sale price including but not limited to income, employment, and the fair market value withholding taxes, arising out of the shares on the date of exercise of the option will be treated as capital gain or lossOption Shares.

Taxation upon Exercise of Option. Optionee understands that, upon exercise of this Option, Optionee will recognize income, for Federal and state income for tax purposes purposes, in an amount equal to the excess of the then fair market value of the Shares over the exercise price. Upon a resale of such shares amount by the Optionee, any difference between the sale price and which the fair market value of the shares on Shares, determined as of the date of exercise exercise, exceeds the Exercise Price. The acceptance of the option will be treated as capital gain or loss.Shares by Optionee shall constitute an agreement by Optionee to report such income in accordance with then applicable law and to cooperate with Company in establishing the amount of such income and corresponding deduction to the Company for its income tax

Taxation upon Exercise of Option. Optionee understands that, upon exercise of this Option, Optionee will recognize income for tax purposes in an amount equal to the excess of the then fair market value of the Shares Stock over the exercise price. Upon a resale The Company will be required to withhold tax from Optionee's current compensation with respect to such income; to the extent that Optionee's current compensation is insufficient to satisfy the withholding tax liability, Optionee shall be required to remit the amount of such shares by liability to the Optionee, any difference between the sale price and the fair market value of the shares on the date Company as a condition of exercise of the option will be treated as capital gain or lossthis Option.

Taxation upon Exercise of Option. Optionee understands that, that upon exercise of this Option, Optionee will generally recognize income for tax purposes in an amount equal to the excess of the then fair market value Fair Market Value of the Shares over the exercise price. Upon If the Company is required to withhold tax from Optionee with respect to such income; the Company may require the Optionee to make a resale of cash payment or other arrangements to cover such shares by the Optionee, any difference between the sale price and the fair market value of the shares on the date liability as a condition of exercise of the option will be treated as capital gain or lossthis Option.

Taxation upon Exercise of Option. Optionee understands that, upon exercise of this Option, Optionee he will recognize income for tax purposes in an amount equal to the excess of the then fair market value of the Shares shares over the exercise price. Upon The Company will be required to withhold tax from Optionee's current compensation with respect to such income; to the extent that Optionee's current compensation is insufficient to satisfy the withholding tax liability, the Company may require the Optionee to make a resale of cash payment to cover such shares by the Optionee, any difference between the sale price and the fair market value of the shares on the date liability as a condition of exercise of the option will be treated as capital gain or lossthis Option.

Taxation upon Exercise of Option. Optionee understands that, upon exercise of -------------------------------- exercising this Non-statutory Option, Optionee he or she will recognize income for tax purposes in an amount equal to the excess of the then fair market value Fair Market Value of the Shares over the exercise price. Upon a resale of such shares by If the OptioneeOptionee is an Employee, any difference between the sale price and the fair market value of the shares on the date of exercise of the option Company will be treated as capital gain required to withhold from Optionee's compensation, or losscollect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income.