Common use of Special Rules for Incentive Stock Options Clause in Contracts

Special Rules for Incentive Stock Options. If the Option is designated as an Incentive Stock Option in the Grant Notice set forth above, the Option will be treated as an Incentive Stock Option to the maximum extent permissible under applicable law. If the Option or any portion of the Option cannot be treated as an Incentive Stock Option under applicable law, whether because the value of the Common Stock covered under the Option exceeds the limits of Code Section 422(d), the Option remains outstanding following termination of employment beyond the holding periods of Code Section 422(a)(2), or otherwise, then the Option, or the relevant portion of the Option, will be classified as a Non-Qualified Stock Option.

Special Rules for Incentive Stock Options. If In the event this Option is designated as an Incentive Stock Option in the Grant Notice set forth aboveof Grant, the Option will shall be treated as an Incentive Stock Option to the maximum extent permissible under applicable law. If In the Option event this Option, or any portion of the Option thereof, cannot be treated as an Incentive Stock Option under applicable law, whether because the value of the Common Stock covered under the Option exceeds the limits of Code Section 422(d), the Option remains outstanding following termination of employment beyond the holding periods of Code Section 422(a)(2), or otherwise, then the this Option, or the relevant portion of the Optionthereof, will shall be classified as a Non-Qualified Stock Option.