Tax Consequences Clause Example from Business Contracts

This example Tax Consequences clause appears in 2 contracts from 1 company

Tax Consequences. Optionee agrees that the Corporation does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes Optionee's tax liabilities. Optionee will not make any claim against the Corporation, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from this option or other compensation. In particular, Optionee acknowledge that this option is exempt from Section 409A of the Code only if the exercise price per sha...re specified in the Grant Notice is at least equal to the "fair market value" per share of the Common Stock on the Grant Date and there is no other impermissible deferral of compensation associated with the option. View More Arrow
Found in Eloxx Pharmaceuticals, Inc. contract
Eloxx Pharmaceuticals, Inc. Contracts

Performance Stock Option Grant Notice and Stock Option Agreement (Inducement Grant) between Eloxx Pharmaceuticals, Inc. and Robert E. Ward, dated March 5, 2018 (Filed With SEC on March 16, 2018)

Stock Option Grant Notice and Stock Option Agreement (Inducement Grant) between Eloxx Pharmaceuticals, Inc. and Robert E. Ward, dated March 5, 2018 (Filed With SEC on March 16, 2018)