Common use of NSO Clause in Contracts

NSO. The parties hereto understand and agree that the option represented hereby is not intended to qualify and shall not be treated as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”).

Appears in 4 contracts

Sources: Non Qualified Stock Option Agreement (Cutter & Buck Inc), Non Qualified Stock Option Agreement (Cutter & Buck Inc), Non Qualified Stock Option Agreement (Cutter & Buck Inc)