Incentive Stock Option; Disqualifying Disposition. Although this Option is intended to qualify as an incentive stock option under the Internal Revenue Code of 1986 (the Code), the Company makes no representation as to the tax treatment upon exercise of this Option or sale or other disposition of the shares covered by this Option, and the Holder is advised to consult a personal tax advisor. Upon a Disqualifying Disposition of shares received upon exercise of this Option, the Holder will forfeit the favorable income tax treatment otherwise available with respect to the exercise of this Option. A Disqualifying Disposition shall have the meaning specified in Section 421(b) of the Code; as of the date of grant of this Option a Disqualifying Disposition is any disposition (including any sale) of such shares before the later of # the second anniversary of the date of grant of this Option and # the first anniversary of the date on which the Holder acquired such shares by exercising this Option, provided that such holding period requirements terminate upon the death of the Holder. The Holder shall notify the Company in writing immediately upon making a Disqualifying Disposition of any shares of Common Stock received pursuant to the exercise of this Option, and shall provide the Company with any information that the Company shall request concerning any such Disqualifying Disposition.
Incentive Stock Option; Disqualifying Disposition. Although this Option is intended to qualify as an incentive stock option under the Internal Revenue Code of 1986 (the Code), the Company makes no representation as to the tax treatmentIf Shares acquired upon exercise of thisan Incentive Stock Option or sale or otherare disposed of in a disqualifying disposition within the meaning of Section 422 of the shares coveredCode by this Option, and the Holder is advised to consult a personal tax advisor. Upon a Disqualifying Disposition of shares received upon exercise of this Option, the Holder will forfeit the favorable income tax treatment otherwise available with respectan Optionee prior to the exerciseexpiration of this Option. A Disqualifying Disposition shall have the meaning specified in Section 421(b) of the Code; as ofeither two years from the date of grant of thissuch Option a Disqualifying Disposition is any disposition (including any sale)or one year from the transfer of Shares to the Optionee pursuant to the exercise of such shares beforeOption, or in any other disqualifying disposition within the latermeaning of # the second anniversarySection 422 of the date of grant of this Option and # the first anniversary of the date on which the Holder acquiredCode, such shares by exercising this Option, provided that such holding period requirements terminate upon the death of the Holder. The HolderOptionee shall notify the Company in writing immediately upon makingas soon as practicable thereafter of the date and terms of such disposition and, if the Company thereupon has a Disqualifying Disposition of any shares of Common Stock received pursuanttax-withholding obligation, shall pay to the exercise of this Option, and shall provideCompany an amount equal to any withholding tax the Company with any information thatis required to pay as a result of the Company shall request concerning any such Disqualifying Disposition.disqualifying disposition.
Incentive Stock Option; Disqualifying Disposition. AlthoughIf this Optionoption is intended to qualify as an incentive stock option underand the Internal Revenue CodeParticipant disposes of 1986 (the Code), the Company makes no representation as to the tax treatmentShares acquired upon exercise of this Optionoption within two years from the Grant Date or sale or other disposition of the shares covered by this Option, and the Holder is advisedone year after such Shares were acquired pursuant to consult a personal tax advisor. Upon a Disqualifying Disposition of shares received upon exercise of this Option,option, the Holder will forfeit the favorable income tax treatment otherwise available with respect to the exercise of this Option. A Disqualifying Disposition shall have the meaning specified in Section 421(b) of the Code; as of the date of grant of this Option a Disqualifying Disposition is any disposition (including any sale) of such shares before the later of # the second anniversary of the date of grant of this Option and # the first anniversary of the date on which the Holder acquired such shares by exercising this Option, provided that such holding period requirements terminate upon the death of the Holder. The HolderParticipant shall notify the Company in writing immediately upon making a Disqualifying Disposition of any shares of Common Stock received pursuant to the exercise of this Option, and shall provide the Company with any information that the Company shall request concerning any such Disqualifying Disposition.disposition.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.