Common use of Incentive Stock Option Clause in Contracts

Incentive Stock Option. If this Option qualifies as an ISO, the Participant will have no regular federal income tax liability upon its exercise, although the excess, if any, of the aggregate 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 Participant to alternative minimum tax in the year of exercise.

Incentive Stock Option. “ISO”). If this Option qualifies as an ISO, the Participant Optionee will have no regular federal income tax liability upon its exercise, although the excess, if any, of the aggregate Fair Market Value fair market value of the Exercised Shares on the date of exercise over their aggregate Exercise Price will be treated as an adjustment to the alternative minimum taxable income tax for federal tax purposes and may subject the Participant Optionee to alternative minimum tax in the year of exercise.

Incentive Stock Option. If this Option qualifies as an ISO, the Participant will have no regular federal income tax or California income tax liability upon its exercise, although the excess, if any, of the aggregate 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 Participant to alternative minimum tax in the year of exercise.

Incentive Stock Option. If this Option qualifies as an ISO, the Participant Optionee will have no regular federal income tax or California income tax liability upon its exercise, although the excess, if any, of the aggregate 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 Participant Optionee to alternative minimum tax in the year of exercise.

Incentive Stock Option. “ISO”). If this Option qualifies as an ISO, the Participant Optionee will have no regular federal income tax liability upon its exercise, although the excess, if any, of the aggregate Fair Market Value fair market value of the Exercised Shares on the date of exercise over their aggregate Exercise Price will be treated as an adjustment to the alternative minimum taxable income tax for federal tax purposes and may subject the Participant Optionee to alternative minimum tax in the year of exercise.