Common use of Nature of Options Clause in Contracts

Nature of Options. If so designated on the respective Notice of Stock Option Grant, the Options are intended to be “incentive stock options” within the meaning of Section 422 of the Code or any successor provision.

Nature of Options. If so designated on the respective Notice of Stock Option Grant, the The Options are qualified stock options and are intended to be “incentive stock options” within the meaning of Section 422 of the Code or any successor provision.