Common use of NATURE OF OPTION Clause in Contracts

NATURE OF OPTION. The Option is intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to “incentive stock options”.

Appears in 5 contracts

Samples: Employment Agreement (Kingstone Companies, Inc.), Form of Stock Option Agreement (Digital Power Corp), Stock Option Agreement (Stem Cell Assurance, Inc.)

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NATURE OF OPTION. The Option is intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to "incentive stock options."

Appears in 2 contracts

Samples: Stock Option Agreement (Dcap Group Inc/), Stock Option Agreement (Goldstein Barry)

NATURE OF OPTION. The Option is intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to “incentive stock options” to the maximum extent permitted by applicable law.

Appears in 1 contract

Samples: Stock Option Agreement (Dcap Group Inc)

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NATURE OF OPTION. The Both the First Option is and the Additional Options are intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to "incentive stock options".

Appears in 1 contract

Samples: Consulting Agreement (E Data Corp)

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