Exercise of Non-Qualified Stock Option. On exercise of a Non-Qualified Stock Option, the Grantee 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 Shares on the date of exercise over the Exercise Price. If the Grantee is an Employee or a former Employee, the Company will be required to withhold from the Grantee's compensation or collect from the Grantee 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.
Exercise of Non-Qualified Stock Option. There may be a regular federal income tax liability upon the exercise of a Non-
Exercise of Non-Qualified Stock Option. There may be a regular federal income tax liability upon the exercise of the Option. 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 Shares on the date of exercise over the Exercise Price. If the Optionee is an Employee or former Employee, the Company will be required to withhold from the Optionee’s compensation or collect from the Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.
Exercise of Non-Qualified Stock Option. There may be a regular federal income tax liability and State income tax liability upon the exercise of a Non-Qualified Stock Option. 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 Shares on the date of exercise over the Exercise Price. If Optionee is an Employee or a former Employee, the Company will be required to withhold from Optionee's 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
Exercise of Non-Qualified Stock Option. Upon exercise of a Non-Qualified Stock Option, Optionee normally 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 Option Shares on the date of exercise over the Exercise Price. The Company will be required to withhold from Optionee’s 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 Option Shares if such withholding amounts are not delivered at the time of exercise.
Exercise of Non-Qualified Stock Option. Gentlemen: Pursuant to the provisions of that certain Stock Option Award Agreement dated as of , (the “Agreement”), I hereby give notice to Solera National Bancorp, Inc. (the “Company”) of my election to exercise options granted to me to purchase shares of Stock of the Company. The purchase shall take place as of , (“Exercise Date”). All capitalized terms used, but not otherwise defined, herein shall have the meanings given them in the Agreement. On or before the Exercise Date, I will pay the applicable purchase price by delivery of cash or check, bank draft, money order or wire transfer of good funds payable to the Company in the amount of $ , which amount represents the full purchase price of the shares of Stock to be issued upon exercise hereof. The required federal, state, foreign and local income tax withholding obligations, if any, on the exercise of the Options shall be satisfied on or before the Exercise Date in the manner provided in the Agreement. As soon as the stock certificate is registered in my name, please deliver it to me at the address set forth above. Unless the shares to be issued upon the exercise of the Options evidenced by this notice are registered for issuance to and resale by me pursuant to an effective registration statement filed under the Securities Act, I hereby represent, warrant, covenant, and agree with the Company as follows:
Exercise of Non-Qualified Stock Option. The undersigned Optionee under that certain Crown Crafts, Inc. Non-Qualified Stock Option Agreement dated as of _____________ (the “Agreement”), hereby exercises the Non-Qualified Stock Option granted under the Agreement for the following number of shares of Common Stock, subject to the terms and conditions of the Agreement: Number of shares being purchased (must be a multiple of 100 or full exercise): Total purchase price submitted herewith: $ (Signature) (Date)
Exercise of Non-Qualified Stock Option. There may be a regular -------------------------------------- federal income tax liability upon the exercise of a Non-Qualified Stock Option. 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 Shares on the date of exercise over the Exercise Price. If Optionee is an employee of the Company, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise. If the Optionee is subject to Section 16 of the Exchange Act, the date of income recognition may be deferred for up to six (6) months.
Exercise of Non-Qualified Stock Option. On exercise of the Stock Option, Executive 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 shares on the date of exercise over the exercise price. The Company will be required to withhold from the Executive’s compensation or collect from the Executive 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 withheld or collected at the time of exercise.
Exercise of Non-Qualified Stock Option. THERE MAY BE A REGULAR FEDERAL INCOME TAX LIABILITY AND STATE INCOME TAX LIABILITY UPON THE EXERCISE OF A NON-QUALIFIED STOCK OPTION. 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 SHARES ON THE DATE OF EXERCISE OVER THE EXERCISE PRICE. IF OPTIONEE IS AN EMPLOYEE OR A FORMER EMPLOYEE, THE COMPANY WILL BE REQUIRED TO WITHHOLD FROM OPTIONEE'S 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 5 DELIVERED AT THE TIME OF EXERCISE. IF THE OPTIONEE IS SUBJECT TO SECTION 16 OF THE EXCHANGE ACT, THE DATE OF INCOME RECOGNITION MAY BE DEFERRED FOR UP TO SIX MONTHS.
