Type of Option: Incentive Stock Option Sample Clauses

Type of Option: Incentive Stock Option. The Participant hereby acknowledges receipt of a copy of the Plan document. The text and all of the terms and provisions of the Plan are incorporated herein by reference, and this option grant is subject to these terms and provisions in all respects. At any time when the Participant wishes to exercise this option, in whole or in part, the Participant shall submit to the Company a written notice of exercise, specifying the exercise date and the number of shares of Company Stock to be exercised. Upon exercise, the Participant shall remit to the Company the exercise price in cash or in such other form as permitted under the Plan, plus (if deemed necessary by the Committee) an amount sufficient to satisfy any withholding tax obligation of the Company that arises in connection with such exercise. The Participant hereby agrees that the terms of this option grant are confidential, and any disclosure of its terms by him to anyone other than his spouse, attorney, or accountant except as required by law may be grounds for its forfeiture. ARRHYTHMIA RESEARCH TECHNOLOGY, INC. Agreed to and Accepted by: /s/ E. P. Maxxxxx /x/ Xxxvatorx Xxxx, Xx.
Sample 1
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Type of Option: Incentive Stock Option. The Grantee hereby acknowledge receipt of a copy of the Plan as presently in effect. The text and all of the terms and provisions of the Plan are incorporated herein by reference, and this options is subject to these terms and provisions in all respects. At any time when the Grantee wishes to exercise this option, in whole or in part, the Grantee shall submit to the Company a written notice of exercise, specifying the exercise date and the number of shares to be exercised. Upon exercise, the Grantee shall remit to the Company the exercise price, plus an amount sufficient to satisfy any withholding tax obligation of the Company that arises in connection with such exercise. IPC INFORMATION SYSTEMS INC. AGREED TO AND ACCEPTED BY: By:__________________________ _________________________________ Xxxxxxx Xxxxxx EXHIBIT A - Part 2 of 2 ----------------------- IPC INFORMATION SYSTEMS, INC. STOCK OPTION PLAN Nonqualified Stock Option Grant Certificate This Grant Certificate evidences the grant of a nonqualified option pursuant to the provisions of the Stock Option Plan (the "Plan") of IPC Information Systems, Inc. (the "Company") to the individual whose name appears below (the "Grantee"), covering the specific number of Common Stock of the Company ("Stock") set forth below, pursuant to the provisions of the Plan and on the following express terms and conditions:
Sample 1
Type of Option: Incentive Stock Option. Any Option granted to an employee of the Company shall be an “Incentive Stock Option” or “ISO” as described in, and to the fullest extent permitted under Section 422 of the Code. In the event that an Option granted to an employee exceeds the $100,000 limitation of Section 422(d) of the Code, the excess shall be treated as a “Nonqualified Stock Option” (which means any stock option that is not an ISO). An Option granted to a non-employee director, independent contractor or other person not eligible to receive an ISO grant under Section 422 of the Code shall be a Nonqualified Stock Option that is not intended to qualify as an ISO within the meaning of Section 422 of the Code.
Sample 1

Related to Type of Option: Incentive Stock Option

  • Incentive Stock Option If this Option qualifies as an ISO, the Optionee will have no regular federal income tax liability upon its exercise, although the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price will be treated as an adjustment to alternative minimum taxable income for federal tax purposes and may subject the Optionee to alternative minimum tax in the year of exercise. In the event that the Optionee ceases to be an Employee but remains a Service Provider, any Incentive Stock Option of the Optionee that remains unexercised shall cease to qualify as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option on the date three (3) months and one (1) day following such change of status.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 10,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Nonqualified Stock Option The Option is a nonqualified stock option and is not, and shall not be, an incentive stock option within the meaning of Section 422 of the Code.

  • Nonstatutory Stock Option The Optionee may incur regular federal income tax liability upon exercise of a NSO. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Grant; Type of Option The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the EndoChoice Holdings, Inc. 2015 Omnibus Equity Incentive Plan (the “Plan”). The Option is intended to be a Nonqualified Stock Option and not an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code.

  • Employee Stock Option Plan Employee shall be entitled to participate in the Employee Stock Option Plan of the Company once approved by the Board of Directors.

  • Stock Option Awards During the Term, the Executive shall be eligible for awards of options to purchase shares of the Company’s common stock (the “Stock Options”), such Stock Options to be awarded in the sole discretion of the Compensation Committee and in accordance with the terms of the Company’s Stock Option Plan, as such Stock Option Plan may be amended, suspended or terminated from time to time.

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