Limitation on Grants. The aggregate Fair Market Value (determined with respect to each ISO at the time of grant) of the Shares with respect to which ISOs are exercisable for the first time by a grantee during any calendar year (under this Plan or any other plan adopted by the Company or its Parent or its Subsidiary) shall not exceed $100,000. Unless otherwise set forth in an Award Agreement, if such aggregate Fair Market Value shall exceed $100,000, such number of ISOs as shall have an aggregate Fair Market Value equal to the amount in excess of $100,000 shall be treated as NQSOs.
Limitation on Grants. TheISO $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined with respect to each ISO at the time of grant) of the Shares with respect to which Options designated as ISOs arefirst become exercisable for the first time by a grantee duringParticipant in any calendar year (under this Plan orand any other plan adopted byof the Company or its Parent or its Subsidiary)any Affiliate) exceeds $100,000, such excess Options shall not exceedautomatically be treated as Non-ISOs. For purposes of determining whether the $100,000. Unless otherwise set forth in an Award Agreement, if such aggregate000 limit is exceeded, the Fair Market Value of the Shares subject to an ISO shall exceed $100,000, suchbe determined as of the Grant Date. In reducing the number of Options treated as ISOs as shall have an aggregate Fair Market Value equal to meet the amount in excess of $100,000 limit, the most recently granted Options shall be treated as NQSOs.reduced first. In the event that Section 422 of the Code is amended to alter the limitation set forth therein, the limitation of this Section 6(b) shall be automatically adjusted accordingly.
Limitation on Grants.The Committee shall designate Options at the time a grant is authorized as either ISOs or Non-Qualified Options. The aggregate Fair Market Value (determined as of the time an ISO is granted) of the Shares as to which an ISO may first become exercisable by a Grantee in a particular calendar year (pursuant to Article III and all other plans of the Company and/or its Subsidiaries) may not exceed $100,000 (the “$100,000 Limitation”). If a Grantee is granted Options in excess of the $100,000 Limitation, or if such Options otherwise become exercisable with respect to each ISO at the time of grant) of the Shares with respect to which ISOs are exercisable for the first time by a grantee during any calendar year (under this Plan or any other plan adopted by the Company or its Parent or its Subsidiary) shall not exceed $100,000. Unless otherwise set forth in an Award Agreement, if such aggregate Fair Market Value shall exceed $100,000, such number of ISOs as shall have an aggregate Fair Market Value equal toShares which would exceed the amount in$100,000 Limitation, such excess of $100,000Options shall be treated as NQSOs.Non-Qualified Options.
$100,000 Per Year Limitation on Grants. TheFor ISOs. To the extent the aggregate Fair Market Value (determined with respect to each ISO aton the timedate of grant) of the Shares with respect tofor which ISOs are exercisable for the first time by a granteeany Participant during any calendar year (under this Plan or any other plan adopted byall plans of the Company or its Parent or its Subsidiary) shall not exceed $100,000. Unless otherwise set forth in an Award Agreement, if such aggregate Fair Market Value shall exceedCompany) exceeds $100,000, such number ofexcess ISOs as shall have an aggregate Fair Market Value equal to the amount in excess of $100,000 shall be treated as NQSOs.Nonqualified Stock Options.
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