Common use of Incentive Stock Option Clause in Contracts

Incentive Stock Option. This option is intended to be an incentive stock option within the meaning of Section 422(b) of the Internal Revenue Code of 1986, as amended (the "Code") for all of the shares subject to the option hereunder. To the extent that any option does not qualify as an incentive stock option, it shall constitute a separate non-qualified stock option.

Appears in 6 contracts

Samples: Compensation Plan Incentive Stock Option Agreement (Compass Bancshares Inc), Compensation Plan Incentive Stock Option Agreement (Compass Bancshares Inc), Compensation Plan Incentive Stock Option Agreement (Compass Bancshares Inc)

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Incentive Stock Option. This option is intended to be qualify as an incentive stock option within the meaning of Incentive Stock Option under Section 422(b) 422 of the Internal Revenue Code of 1986, as amended (the "Code") for all ). In the event the $100,000 limit concerning the exercisability of the shares subject to the option hereunder. To the extent that any option does not qualify as an incentive stock optionoptions by an optionee during any calendar year is exceeded, it only the portion of this option that exceeds that limit shall constitute a separate non-qualified nonstatutory stock optionoption and this shall not cause the terms of this Agreement to cease to apply or be effective.

Appears in 6 contracts

Samples: Grant Incentive Stock (Alpha Microsystems), Grant Incentive Stock (Alpha Microsystems), Grant Incentive Stock (Alpha Microsystems)

Incentive Stock Option. This option Option is intended to be an incentive stock option option” within the meaning of Section 422(b) 422 of the Internal Revenue Code of 1986, as amended (the "Code") for all of the shares subject to the option hereunder”), and will be interpreted accordingly. To the extent that that, for any option reason, the Option does not qualify as an incentive stock option under Code Section 422, the Option will be treated as a non-statutory stock option, it shall constitute a separate non-qualified stock optionsubject to the tax consequences applicable to such options.

Appears in 6 contracts

Samples: Employment Agreement (Nexeon Medsystems Inc), Incentive Plan Stock Option Award Agreement (Nexeon Medsystems Inc), Employment Contract (Nexeon Medsystems Inc)

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Incentive Stock Option. This option is intended to be qualify as an incentive stock option (“Incentive Stock Option”) within the meaning of Section 422(b) 422 of the Internal Revenue Code of 1986, as amended or replaced from time to time (the "Code") for all ”). Any provision of this Agreement or the shares subject Plan which conflicts with the requirements of qualification as an Incentive Stock Option under the Code is null and void to the extent of such conflict and any ambiguities shall be resolved so that this option hereunder. To the extent that any option does not qualify qualifies as an incentive stock option, it shall constitute a separate non-qualified stock optionIncentive Stock Option.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Smart Video Technologies Inc), Incentive Stock Option Agreement (Smart Video Technologies Inc)

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