NATURE OF OPTION. The Option to purchase the initial Thirty-Seven Thousand One Hundred Seventy-Four (37,174) Option Shares commencing in each of 2000 and 2001 is intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to "incentive stock options." The remaining Option to purchase Option Shares is not intended to meet such requirements.
Appears in 8 contracts
Samples: Stock Option Agreement (Dcap Group Inc), Stock Option Agreement (Extech Corp), Stock Option Agreement (Extech Corp)
