Transfer of Shares – Tax Effect Sample Clauses

Transfer of Shares – Tax Effect. If any shares of stock received pursuant to the exercise of this Option are sold within two years from the date of grant specified at the beginning of this Agreement or within one year from the effective date of exercise of the Option (a “disqualifying disposition”), or if certain other requirements of the Code are not satisfied, such shares will not be deemed to have been acquired by the Optionee pursuant to an incentive stock option for purposes of the Code. The Company will not be liable to the Optionee if the Option, or any part of it, is deemed for any reason not to be an “incentive stock option” within the meaning of the Code.