Common use of Tax Consequences to Optionee Clause in Contracts

Tax Consequences to Optionee. The Optionee hereby acknowledges and agrees that (a) the Company makes no representation or warranty to the Optionee as to the national, federal, state or local tax consequences to the Optionee of the receipt or exercise of this Option or the sale or other disposition of any shares of Class B-1 Common Stock issued pursuant to this Option, (b) the Optionee is relying on his or her own tax advisor for any such advice and (c) the Optionee is aware that in any event this Option may not be treated as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code, as amended, in the event that the fair market value per share of Class B-1 Common Stock as the date of the grant of this Option is in excess of the Option Price.