Common use of Nature of the Option Clause in Contracts

Nature of the Option. This Non-Statutory Stock Option is not intended to qualify as an Incentive Stock Option as defined in Section 422A of the Code.

Appears in 6 contracts

Samples: Arcadia Financial (Arcadia Financial LTD), Consulting Agreement (Olympic Financial LTD), Non Statutory Stock Option Agreement (Olympic Financial LTD)

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Nature of the Option. This The Option is intended to be a Non-Statutory Qualified Stock Option and is not NOT intended to qualify as be an Incentive Stock Option as defined in incentive stock option within the meaning of Section 422A 422 of the Code.

Appears in 6 contracts

Samples: Director Fee Option Grant Agreement (Neose Technologies Inc), Annual Director Grant Agreement (Neose Technologies Inc), Non Qualified Stock Option Award Agreement (Neose Technologies Inc)

Nature of the Option. This Non-Statutory Stock Option is not intended to qualify as an Incentive Stock Option as defined in Section 422A 422 of the Code, but is instead a Non-Statutory Stock Option as defined pursuant to the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (U Ship Inc), United Shipping & Technology Inc

Nature of the Option. This The Option is intended to be a Non-Statutory Qualified Stock Option for federal income tax purposes and is not intended to qualify as be an Incentive Stock Option as defined in described by Section 422A 422 of the Code.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Kirklands Inc)

Nature of the Option. This Option is a Non-Statutory Qualified Stock Option within the meaning of the Plan and is not intended to qualify as an Incentive Stock Option as defined in Section 422A 422 of the Code.

Appears in 1 contract

Samples: Consulting and Employment Agreement (Viasoft Inc /De/)

Nature of the Option. This Option is a Non-Statutory Stock Option and is not intended to qualify constitute an "incentive stock option" as an Incentive Stock Option as defined that term is used in Code Section 422A of the Code422.

Appears in 1 contract

Samples: Agreement (Take to Auction Com Inc)

Nature of the Option. This Non-Statutory Stock Option is not intended by the Company and Optionee to qualify as be an Incentive Stock Option Option, as defined in Section 422A 422 of the Code. Rather, it is intended to be a Nonqualified Stock Option.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Beverly Hills Bancorp Inc)

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Nature of the Option. This Non-Statutory Stock Option is not intended to qualify as an Incentive Stock Option as defined in Section 422A 422 of the Code.

Appears in 1 contract

Samples: Olympic Financial (Olympic Financial LTD)

Nature of the Option. This Option is a Non-Statutory Qualified Stock Option and is not intended to qualify as an Incentive Stock Option as defined in Section 422A 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Viasoft Inc /De/)

Nature of the Option. This Option is intended to be a Non-Statutory Qualified Stock Option and is not intended to qualify as be an Incentive Stock Option as defined in Section 422A of the CodeOption.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (MEDecision, Inc.)

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