Common use of Tax Status of Option Clause in Contracts

Tax Status of Option. As indicated in the Grant Agreement, this Option is intended to be a Nonstatutory Stock Option and is not intended to be an incentive stock option within the meaning of Section 422(b) of the Code. The Optionee should consult with the Optionee's own tax advisor regarding the tax effects of this Option.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Eco Soil Systems Inc), Non Statutory Stock Option Agreement (Eco Soil Systems Inc)

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Tax Status of Option. As indicated in the Grant Agreement, this Option is intended to be a Nonstatutory Stock Option and is not intended to be either an incentive stock option within the meaning of Section 422(b) of the CodeCode or a nonstatutory stock option, which is not intended to qualify as an incentive stock option. The Optionee should consult with the Optionee's own tax advisor regarding the tax effects of this OptionOption (and any requirements necessary to obtain favorable income tax treatment under Section 422 of the Code, including, but not limited to, holding period requirements).

Appears in 1 contract

Samples: Option Grant Agreement (Migratec Inc)

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Tax Status of Option. As indicated in the Grant Agreement, this This Option is intended to be a Nonstatutory Stock Option and is not intended to be an incentive stock option Incentive Stock Option within the meaning of Section 422(b) of the Code. The Optionee should consult with the Optionee's own tax advisor regarding the tax effects of this Option.

Appears in 1 contract

Samples: Stock Option Agreement (Spacedev Inc)

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