Common use of Optionee Acknowledgments Clause in Contracts

Optionee Acknowledgments. The Optionee agrees and acknowledges that (i) no member of the board of directors of the Company or any other person or entity shall be liable for any action or determination made in good faith with respect to the Option, (ii) the Option granted hereby is not intended to qualify as an incentive stock option under section 422A of the Internal Revenue Code of 1986, as amended, and (iii) the Company makes no representation as to the tax treatment to the Optionee upon receipt or exercise of the option or sale or other disposition of the shares covered by the Option.