Common use of Nature of the Option Clause in Contracts

Nature of the Option. The Option is intended to be a Non-Qualified Stock Option and is NOT intended to be an incentive stock option within the meaning of Section 422 of the Code.

Appears in 6 contracts

Samples: Annual Director Grant Agreement (Neose Technologies Inc), Director Fee Option Grant Agreement (Neose Technologies Inc), Non Qualified Stock Option Award Agreement (Neose Technologies Inc)

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Nature of the Option. The This Non-Statutory Stock Option is not intended to be a Non-Qualified qualify as an Incentive Stock Option and is NOT intended to be an incentive stock option within the meaning of as defined in Section 422 422A of the Code.

Appears in 6 contracts

Samples: Non Statutory Stock Option Agreement (Olympic Financial LTD), Non Statutory Stock Option Agreement (Olympic Financial LTD), Non Statutory Stock Option Agreement (Olympic Financial LTD)

Nature of the Option. The This Option is not intended to be a Non-Qualified qualify as an Incentive Stock Option and is NOT intended to be an incentive stock option within the meaning of as defined in Section 422 of the Code, but is instead a Non-Statutory Stock Option as defined pursuant to the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (U Ship Inc), United Shipping & Technology Inc

Nature of the Option. The This Option is intended to be a Non-Qualified Statutory Stock Option and is NOT not intended to be constitute an "incentive stock option within the meaning of option" as that term is used in Code Section 422 of the Code422.

Appears in 1 contract

Samples: Agreement (Take to Auction Com Inc)

Nature of the Option. The This Non-Statutory Stock Option is not intended to be a Non-Qualified qualify as an Incentive Stock Option and is NOT intended to be an incentive stock option within the meaning of as defined in Section 422 of the Code.

Appears in 1 contract

Samples: Olympic Financial (Olympic Financial LTD)

Nature of the Option. The This Option is intended to be a Non-Qualified Stock Option and is NOT not intended to be qualify as an incentive stock option within the meaning of Incentive Stock Option as defined in Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Viasoft Inc /De/)

Nature of the Option. The This Option is intended to be a Non-Qualified Stock Option and is NOT not intended to be an incentive stock option within the meaning of Section 422 of the CodeIncentive Stock Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (MEDecision, Inc.)

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Nature of the Option. The Option is intended to be a Non-Qualified Stock Option for federal income tax purposes and is NOT not intended to be an incentive stock option within the meaning of Incentive Stock Option described by Section 422 of the Code.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Kirklands Inc)

Nature of the Option. The This Option is intended to be a Non-Qualified Stock Option and is NOT intended to be an incentive stock option within the meaning of the Plan and is not intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code.

Appears in 1 contract

Samples: Consulting and Employment Agreement (Viasoft Inc /De/)

Nature of the Option. The This Option is not intended by the Company and Optionee to be an Incentive Stock Option, as defined in Section 422 of the Code. Rather, it is intended to be a Non-Qualified Nonqualified Stock Option and is NOT intended to be an incentive stock option within the meaning of Section 422 of the CodeOption.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Beverly Hills Bancorp Inc)

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