Common use of Nonstatutory Stock Option Clause in Contracts

Nonstatutory Stock Option. Notice is hereby given pursuant to Section 6 of my Nonstatutory Stock Option Agreement that I elect to purchase the number of shares set forth below at the exercise price set forth in my option agreement: Nonstatutory Stock Option Agreement dated: ____________ Number of shares being purchased: ____________ Exercise Price: $____________ A check in the amount of the aggregate price of the shares being purchased is attached. I hereby confirm that such shares are being acquired by me for my own account for investment purposes, and not with a view to, or for resale in connection with, any distribution thereof. I will not sell or dispose of my Shares in violation of the Securities Act of 1933, as amended, or any applicable federal or state securities laws. I understand that the certificate representing the Option Shares will bear a restrictive legend within the contemplation of the Securities Act and as required by such other state or federal law or regulation applicable to the issuance or delivery of the Option Shares. Further, I understand that, as a result of this exercise of rights, I will recognize income in an amount equal to the amount by which the fair market value of the Shares exceeds the exercise price. I agree to report such income in accordance with then applicable law and to cooperate with Company in establishing the withholding and corresponding deduction to the Company for its income tax purposes. I agree to provide to the Company such additional documents or information as may be required pursuant to the Company’s 2006 Incentive Stock Plan. _______________________________ _______________________________ (name of Optionee)

Appears in 4 contracts

Samples: Nonstatutory Stock Option Agreement (Octillion Corp), Nonstatutory Stock Option Agreement (Octillion Corp), Nonstatutory Stock Option Agreement (Octillion Corp)

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Nonstatutory Stock Option. Notice is hereby given pursuant to Section 6 of my Nonstatutory Stock Option Agreement that I elect to purchase the number of shares set forth below at the exercise price set forth in my option agreement: Nonstatutory Stock Option Agreement dated: ____________ Number of shares being purchased: ____________ Exercise Price: $____________ A check in the amount of the aggregate price of the shares being purchased is attached. I hereby confirm that such shares are being acquired by me for my own account for investment purposes, and not with a view to, or for resale in connection with, any distribution thereof. I will not sell or dispose of my Shares in violation of the Securities Act of 1933, as amended, or any applicable federal or state securities laws. I understand that the certificate representing the Option Shares will bear a restrictive legend within the contemplation of the Securities Act and as required by such other state or federal law or regulation applicable to the issuance or delivery of the Option Shares. Further, I understand that, as a result of this exercise of rights, I will recognize income in an amount equal to the amount by which the fair market value of the Shares exceeds the exercise price. I agree to report such income in accordance with then applicable law and to cooperate with Company in establishing the withholding and corresponding deduction to the Company for its income tax purposes. I agree to provide to the Company such additional documents or information as may be required pursuant to the Company’s 2006 2001 Incentive Stock Plan. _______________________________ _______________________________ (name of Optionee)_

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement (Hepalife Technologies Inc), Nonstatutory Stock Option Agreement (Hepalife Technologies Inc), Nonstatutory Stock Option Agreement (Hepalife Technologies Inc)

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Nonstatutory Stock Option. Notice is hereby given pursuant to Section 6 of my Nonstatutory Stock Option Agreement that I elect to purchase the number of shares set forth below at the exercise price set forth in my option agreement: Nonstatutory Stock Option Agreement dated: ____________ Number of shares being purchased: ____________ Exercise Price: $____________ A check in the amount of the aggregate price of the shares being purchased is attached. I hereby confirm that such shares are being acquired by me for my own account for investment purposes, and not with a view to, or for resale in connection with, any distribution thereof. I will not sell or dispose of my Shares in violation of the Securities Act of 1933, as amended, or any applicable federal or state securities laws. I understand that the certificate representing the Option Shares will bear a restrictive legend within the contemplation of the Securities Act and as required by such other state or federal law or regulation applicable to the issuance or delivery of the Option Shares. Further, I understand that, as a result of this exercise of rights, I will recognize income in an amount equal to the amount by which the fair market value of the Shares exceeds the exercise price. I agree to report such income in accordance with then applicable law and to cooperate with Company in establishing the withholding and corresponding deduction to the Company for its income tax purposes. I agree to provide to the Company such additional documents or information as may be required pursuant to the Company’s 2006 2005 Incentive Stock Plan. _______________________________ _______________________________ (name of Optionee)_

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Phytomedical Technologies Inc), Nonstatutory Stock Option Agreement (Phytomedical Technologies Inc)

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