Tax Consequences Clause Example from Business Contracts

This example Tax Consequences clause appears in 3 contracts from 2 companies

Tax Consequences. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You will not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from the Option or your other compensation. In particular, you acknowledge that the Option is exempt from Section 409A of the Code only if the exercise price per share specified in the ...Grant Notice is at least equal to the "fair market value" per share of the Common Stock on the Date of Grant and there is no other impermissible deferral of compensation associated with the Option. View More
Found in SENOMYX INC contract
SENOMYX INC Contracts

SENOMYX, INC. 2013 EQUITY INCENTIVE PLAN NON-EMPLOYEE DIRECTOR (NONSTATUTORY STOCK OPTION) (Filed With SEC on March 13, 2014)

GTX INC Contracts

GTx, INC. STOCK OPTION GRANT NOTICE (2013 EQUITY INCENTIVE PLAN) (Filed With SEC on July 22, 2013)

GTx, INC. STOCK OPTION GRANT NOTICE (2013 NON-EMPLOYEE DIRECTOR EQUITY INCENTIVE PLAN) (Filed With SEC on July 22, 2013)