Nature of the Option. This Option is intended to be a nonstatutory stock option and is not intended to be an Incentive Stock Option within the meaning of section 422 of the Internal Revenue Code of 1986, as amended (the Code), or to otherwise qualify for any special tax benefits to the Optionee.
Nature of the Option. The Option is not intended to be an "Incentive Stock Option" as defined in and subject to the limitations of Section 422A of the Internal Revenue Code of 1986, as amended (the "Code"), and it will not be treated as an Incentive Stock Option, whether or not, by its terms, it meets the requirements of Section 422A.
Nature of the Option. This Option is a nonqualified Option issued pursuant to the terms of the Plan, pursuant to which Optionee is hereby granted the right, subject to the terms and conditions hereof, to purchase up to FIFTY THOUSAND (50,000) shares of the authorized but unissued common stock, par value $.001 per share, of the Company.
Nature of the Option. The Option has been granted as an incentive to Optionee's Continuous Service, and is in all respects subject to such Continuous Service and all other terms and conditions of this Award Agreement and the Plan. The Option is intended to be an Incentive Option.