Common use of Type of Option Clause in Contracts

Type of Option. The Option is intended to be either a Non-qualified Stock Option (i.e., not an Incentive Stock Option) or an Incentive Stock Option within the meaning of Section 422 of the Code, as indicated above, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Option or portion thereof which exceeds such limit (according to the order in which they were granted) shall be treated as a Non-qualified Stock Option.

Type of Option. The Option is intended to be either a Non-qualified Stock Option (i.e., not an Incentive Stock Option) or an Incentive Stock Option within the meaning of Section 422 of the Code, as indicated above, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Option Options or portion portions thereof which exceeds exceed such limit (according to the order in which they were granted) shall be treated as a Non-qualified Stock OptionOptions.

Type of Option. The Option is intended to be either a Non-qualified Nonqualified Stock Option (i.e., not an Incentive Stock Option) or an Incentive Stock Option within the meaning of Section 422 of the Code, as indicated above, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Option Options or portion portions thereof which exceeds exceed such limit (according to the order in which they were granted) shall be treated as a Non-qualified Nonqualified Stock OptionOptions.

Type of Option. The Option is intended to be either a Non-qualified Stock Share Option (i.e., not an Incentive Stock Share Option) or an Incentive Stock Share Option within the meaning of Section 422 of the Code, as indicated above, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Share Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock Ordinary Shares with respect to which Incentive Stock Share Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and its Affiliates) exceeds $US$100,000, the Option Options or portion portions thereof which exceeds exceed such limit (according to the order in which they were granted) shall be treated as a Non-qualified Stock OptionShare Options.

Type of Option. The Option is intended to be either a Non-qualified Stock Share Option (i.e., not an Incentive Stock Share Option) or an Incentive Stock Share Option within the meaning of Section 422 of the Code, as indicated above, although the Company makes no representation or guarantee that the Option will qualify as an Incentive Stock Share Option. To the extent that the aggregate Fair Market Value (determined on the Grant Date) of the shares of Common Stock Shares with respect to which Incentive Stock Share Options are exercisable for the first time by the Participant Grantee during any calendar year (under all plans of the Company and its Affiliates) exceeds $100,000, the Option Options or portion portions thereof which exceeds exceed such limit (according to the order in which they were granted) shall be treated as a Non-qualified Stock OptionShare Options.