The Optionee acknowledges that an Incentive Stock Option exercised more than three (3) months after the Optionees Termination of Service, other than by reason of death or disability, will be taxed as a Non-Qualified Stock Option.
The Optionee acknowledges thatAn Option designated as an Incentive Stock Option shall cease to qualify for favorable tax treatment as an Incentive Stock Option to the extent it is exercised (if permitted by the terms of the Option) # more than three (3) months after the Optioneedate of a Participants Termination of Service,Service if termination was for reasons other than death or disability, # more than one year after the date of a Participants Termination of Service if termination was by reason of deathdisability, or disability, will be taxed as a Non-Qualified Stock Option.# after the Participant has been on leave of absence for more than 90 days, unless the Participants reemployment rights are guaranteed by statute or contract.
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