U.S. Uses in United States Participants Clause

United States Participants from Stock Option Plan

United States Participants. It is the intention of the Corporation that the Plan be treated, for U.S. income tax purposes, as a separate stock option plan with respect to its U.S. Participants only. Options issued to U.S. Participants under this separate stock option plan shall be treated as incentive stock options, as defined in Section 422 of the Internal Revenue Code and the regulations promulgated thereunder. No Option may be granted by the Board that would have the effect of causing the total number of Options, subject to purchase by U.S. Participants under this Plan, to exceed *% of the issued and outstanding Shares of the Corporation. For greater certainty, this also represents, for U.S. income tax purposes, the aggregate number of shares that may be issued under options pursuant to the separate stock option plan.

United States Participants from Stock Option Plan

United States Participants. It is the intention of the Corporation that the Plan be treated, for U.S. income tax purposes, as a separate stock option plan with respect to its U.S. Participants only. Options issued to U.S. Participants under this separate stock option plan shall be treated as incentive stock options, as defined in Section 422 of the Internal Revenue Code and the regulations promulgated thereunder. No Option may be granted by the Board that would have the effect of causing the total number of Options, subject to purchase by U.S. Participants under this Plan, to exceed % of the issued and outstanding Shares of the Corporation. For greater certainty, this also represents, for U.S. income tax purposes, the aggregate number of shares that may be issued under options pursuant to the separate stock option plan.