Example ContractsClausesNonstatutory Stock Option
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Nonstatutory Stock Option. An Option that does not meet the requirements of Section 422 of the Code, or that is otherwise not intended to be an Incentive Stock Option.

Exercise of Nonstatutory Stock Option. There may be a regular federal income tax liability and a state income tax liability upon the exercise of this Option. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price and the Company will qualify for a deduction in the same amount. The Company will be required to withhold from Optionee’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise.

(p) “Nonstatutory Stock Option” means an Option not intended to qualify as an Incentive Stock Option.

Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option.

Nonstatutory Option” or “NSO” shall mean an employee stock option that is not an ISO.

Stock Option. You will be allocated 70,000 Shares of stock options vesting equally over five years on your anniversary date.

Stock Option. As soon as practicable following the Effective Date, CFO will be granted an option to purchase up to 1,191,695 shares of the Company’s Common Stock (the “Base Option”) pursuant to the terms of the Company’s 2006 Equity Incentive Plan, as amended from time to time (the “Plan”). The Base Option shall be subject to vesting such that, subject to CFO’s continued employment with the Company, 1/4 of the shares subject to the Base Option shall vest as of the first anniversary of the Effective Date and l/48th of the shares subject to the Base Option shall vest in equal monthly installments on the monthly anniversary of the Effective Date of each month for the 36 months thereafter. The exercise price per share of the Base Option will be equal to the fair market value of a single share of Common Stock on the date the Base Option is granted, as determined in good faith by the Board. The Base Option will be governed by the Plan and shall be granted pursuant to a separate stock option grant notice and stock option agreement.

If designated in the Notice of Grant as an Incentive Stock Option (“ISO”), this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to the extent that it exceeds the rule of Code Section 422(d), this Option shall be treated as a Nonstatutory Stock Option (“NSO”).

Incentive Stock Options. An Option that the Board intends to be an “incentive stock option” as defined in Section 422 of the Code (an “Incentive Stock Option”) shall only be granted to employees of , any of ’s present or future parent or subsidiary corporations as defined in [[Sections 424(e) or (f)])]])] of the Code, and any other entities the employees of which are eligible to receive Incentive Stock Options under the Code, and shall be subject to and shall be construed consistently with the requirements of Section 422 of the Code. An Option that is not intended to be an Incentive Stock Option shall be designated a “Nonstatutory Stock Option.” The Company shall have no liability to a Participant, or any other party, if an Option (or any part thereof) that is intended to be an Incentive Stock Option is not an Incentive Stock Option or if the Company converts an Incentive Stock Option to a Nonstatutory Stock Option.

Under the Restricted Stock Unit Award Agreements and Nonstatutory Stock Option Award Agreements between Lammersfeld and the Bank, Lammersfeld is currently not entitled to any restricted stock units or stock options shares which have not vested. In consideration of Lammersfeld's years of service with the Bank and the undertakings in this Agreement, the Bank agrees to accelerate the vesting of Lammersfeld's Restricted Stock Unit Award Agreements and Nonstatutory Stock Option Award Agreements such that Lammersfeld on will become vested in all restricted stock units and Nonstatutory stock options which have been previously awarded and have not vested as of the Separation Date, provided that the Bank has received a properly executed Agreement by Lammersfeld and the revocation period during which he is entitled to revoke such Agreement has expired on or prior to the 60th day following his separation from service. The issuance and delivery of shares under the Restricted Stock Unit Award Agreement and the method and expiration of exercising options under the Nonstatutory Stock Option Award Agreement shall follow the original terms and provisions of the respective award agreements.

Incentive Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds , such Options shall be treated as Nonstatutory Stock Options. For purposes of this [Section 6(a)]: # Incentive Stock Options shall be taken into account in the order in which they were granted and # the Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted.

Option” means the right to purchase Stock at a stated price for a specified period of time (subject to [Section 7(c)]). For purposes of the Plan, an Option may be either # an “Incentive Stock Option,” or “ISO,” within the meaning of Section 422 of the Code, # a “Nonstatutory (Nonqualified) Stock Option,” or “NSO,” or # any other type of option encompassed by the Code.

Comera Life Sciences Holdings, Inc. (the “Company”), hereby grants to ​ (the “Holder”) an option (the “Option”) to purchase a total of ​ shares of the Company’s common stock, par value per share (the “Common Stock”), at the price and on the terms set forth in this Comera Life Sciences Holdings, Inc. Nonstatutory Stock Option Award Agreement (the “Award Agreement”).

Option Grant. Whenever the Committee deems it appropriate to grant Options, an Award Agreement shall be given to the Participant stating the number of shares for which Options are granted, the exercise price per share, whether the options are Incentive Stock Options or Nonstatutory Stock Options, and the conditions to which the grant and exercise of the Options are subject. The Award Agreement shall set forth all restrictions on disposition and transfer applicable to the Option shares. Incentive Stock Options may be granted to employees of the Company or an Affiliate. Non-employee directors and Consultants shall not be eligible to receive Incentive Stock Options. No Option (or portion thereof) that is intended to be an Incentive Stock Option shall be invalid for failure to so qualify, but instead such Option (or portion thereof) shall constitute a Nonstatutory Stock Option.

The Option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) and will be interpreted accordingly.

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