ANNUAL LIMITATION. To the extent that the aggregate Fair Market Value of the shares of Common Stock with respect to which Incentive Stock Option are exercisable for the first time by Participant during any calendar year under all of the Company’s plans exceeds $100,000, such excess Options will be treated as Nonqualified Stock Options under the terms of the Plan.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (Perma Fix Environmental Services Inc), Incentive Stock Option Agreement (Perma Fix Environmental Services Inc), Incentive Stock Option Agreement (Perma Fix Environmental Services Inc)