Taxation upon Exercise of Option. (a) Optionee understands that, upon exercise of this Option, Optionee will become liable for Federal, state, local or foreign income taxes, based on the amount by which the fair market value of the Shares, determined as of the date of exercise, exceeds the Exercise Price.
Appears in 8 contracts
Samples: Stock Option Agreement (Gopher Protocol Inc.), Stock Option Agreement (Gopher Protocol Inc.), Stock Option Agreement (Gopher Protocol Inc.)