Tax Consequences Clause Example from Business Contracts

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

Tax Consequences. The Participant acknowledges that the Company has not advised the Participant regarding the Participant's income tax liability in connection with the grant of the Option and that the Company does not guarantee any particular tax treatment. The Participant acknowledges that the Participant has reviewed with the Participant's own tax advisors the tax treatment of the Option (including the purchase and sale of Shares subject hereto) and is relying solely on those advisors in that regard. The Partic...ipant understands that the Participant (and not the Company) will be responsible for the Participant's own tax liabilities arising in connection with the Option. View More