Common use of Additional Terms Applicable to an Incentive Option Clause in Contracts

Additional Terms Applicable to an Incentive Option. In the event this option is designated an Incentive Option in the Grant Notice, the following terms and conditions shall also apply to the grant: - This option shall cease to qualify for favorable tax treatment as an Incentive Option if (and to the extent) this option is exercised for one or more Option Shares: (A) more than three (3) months after the date Optionee ceases to be an Employee for any reason other than death or Permanent Disability or (B) more than twelve (12) months after the date Optionee ceases to be an Employee by reason of Permanent Disability.

Appears in 2 contracts

Samples: Stock Option Agreement (Calpine Corp), Vista Medical Technologies Inc

AutoNDA by SimpleDocs

Additional Terms Applicable to an Incentive Option. In the event -------------------------------------------------- this option is designated an Incentive Option in the Grant Notice, the following terms and conditions shall also apply to the grant: - This option shall cease to qualify for favorable tax treatment as an Incentive Option if (and to the extent) this option is exercised for one or more Option Shares: (A) more than three (3) months after the date Optionee ceases to be an Employee for any reason other than death or Permanent Disability or (B) more than twelve (12) months after the date Optionee ceases to be an Employee by reason of Permanent Disability.

Appears in 1 contract

Samples: Stock Option Agreement (Corsair Communications Inc)

AutoNDA by SimpleDocs

Additional Terms Applicable to an Incentive Option. In the event this option is designated an Incentive Option in the Grant Notice, then the following terms and conditions shall also apply to the grant: - . This option shall cease to qualify for favorable tax treatment as an Incentive Option if (and to the extent) this option is exercised for one or more Option Shares: (A) more than three (3) months after the date Optionee ceases to be an Employee for any reason other than death or Permanent Disability or (B) more than twelve (12) months after the date Optionee ceases to be an Employee by reason of Permanent Disability.

Appears in 1 contract

Samples: Fifth Avenue Acquisition I Corp

Time is Money Join Law Insider Premium to draft better contracts faster.