Tax Consequences Clause Example from Business Contracts

This example Tax Consequences clause appears in 3 contracts from 1 company

Tax Consequences. The Company has no duty or obligation to minimize the tax consequences to you of this option and will not be liable to you for any adverse tax consequences to you arising in connection with this option. You acknowledge that this 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. You are hereby advised to consult with your own personal tax, financial and/or legal advisors regarding the tax consequences of this option and by signing the Grant Notice, you have agreed that you have done so or knowingly and voluntarily declined to do so. View More