Common use of VALUE LIMIT Clause in Contracts

VALUE LIMIT. If the aggregate fair market value of the shares with respect to which ISOs (whether granted under the Option or otherwise) first become exercisable by the Grantee in any calendar year exceeds $100,000, as measured on the applicable Award Dates, the limitations of Section 5.1.2 of the Plan shall apply and to such extent the Option will be rendered a nonqualified stock option.

VALUE LIMIT. If the aggregate fair market value of the shares with respect to which ISOs (whether granted under the Option or otherwise) first become exercisable by the Grantee Participant in any calendar year exceeds $100,000, as measured on the applicable Award Dates, the limitations of Section 5.1.2 2.4.1 of the Plan shall apply and to such extent the Option will be rendered a nonqualified stock optionNonqualified Stock Option.

VALUE LIMIT. If the aggregate fair market value of the shares with respect to which ISOs (whether granted under the Option or otherwise) first become exercisable by the Grantee Participant in any calendar year exceeds $100,000, as measured on the applicable Award Dates, the limitations of Section 5.1.2 2.3.1 of the Plan shall apply and to such extent the Option will be rendered a nonqualified stock optionNonqualified Stock Option.