Type of Option Contract Clauses (63)

Grouped Into 6 Collections of Similar Clauses From Business Contracts

This page contains Type of Option clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Type of Option. To the extent possible, this Option is intended to be treated by the Company as an "incentive stock option" as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). To the extent that, at or subsequent to grant, all or a portion of the Option ceases to qualify as an incentive stock option because of a failure to satisfy the requirements of Section 422 of the Code, all or such portion of the Option shall be treated by the Company as a "nonqualified stock option". T...he Participant understands and agrees that the Company shall not be liable or responsible for any additional tax liability the Participant incurs in the event that the Internal Revenue Service for any reason determines that this Option does not qualify as an incentive stock option within the meaning of the Code. View More
Found in 1ST CONSTITUTION BANCORP contract
Type of Option. To the extent possible, this Option is intended to be treated by the Company as an "incentive stock option" as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). To the extent that, at or subsequent to grant, all or a portion of the Option ceases to qualify as an incentive stock option because of a failure to satisfy the requirements of Section 422 of the Code, all or such portion of the Option shall be treated by the Company as a "nonqualified stock option". T...he Participant understands and agrees that the Company shall not be liable or responsible for any additional tax liability the Participant incurs in the event that the Internal Revenue Service for any reason determines that this Option does not qualify as an incentive stock option within the meaning of the Code. View More
Found in TWO RIVER BANCORP contract
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Type of Option. The Option is a "nonqualified stock option." The Option will not be treated by the Company as an "incentive stock option" as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Found in 1ST CONSTITUTION BANCORP contract
Type of Option. The Option is a "nonqualified stock option." The This Option will not be treated by the Company as an "incentive stock option" as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). amended.
Found in TWO RIVER BANCORP contract
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Type of Option. The Option is a non-qualified stock option and is not eligible to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Found in Crexendo, Inc. contract
Type of Option. The Option is a non-qualified stock option and is not eligible to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Found in Crexendo, Inc. contract
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Type of Option. The Option is granted as a non-qualified stock option. Non-qualified stock options are considered ordinary income when exercised and are taxed accordingly. The amount of ordinary income is the difference between the exercise price and the price on the date the Option or a portion of it is exercised.4. Vesting and Exercisability of Option. The Option will vest and become exercisable according the schedule set forth on "Appendix – Vesting Schedule" attached hereto (each such date on which vesting ...may occur, a "Vesting Date"), provided the Option has not otherwise expired. The Option is granted on the condition that you remain continuously employed by the Company or a Related Company from the Grant Date through the Vesting Date, and that you complete the Company's 2022 Safety Management System Employee Awareness course no later than December 31, 2022 (or such other date as may be specified by the Company's Chief Human Resources Officer in limited circumstances). View More
Found in Boeing contract
Type of Option. The Option is granted as a non-qualified stock option. Non-qualified stock options are considered ordinary income when exercised and are taxed accordingly. The amount of ordinary income is the difference between the exercise price and the price on the date the Option or a portion of it is exercised.4. option.4. Vesting and Exercisability of Option. The Option will vest and become exercisable according the schedule set forth on "Appendix – Vesting Schedule" attached hereto (each such date on whic...h vesting may occur, a "Vesting Date"), provided the Option has not otherwise expired. The Option is granted on the condition that you remain continuously employed by the Company or a Related Company from the Grant Date through the Vesting Date, and that you complete the Company's 2022 Safety Management System Employee Awareness course no later than December 31, 2022 (or such other date as may be specified by the Company's Chief Human Resources Officer in limited circumstances). View More
Found in Boeing contract
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Type of Option. The Option is not intended to be an Incentive Stock Option described by Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). Notwithstanding the designation of this Option as a non-qualified stock option, the Corporation makes no representation as to the treatment of the Option under any federal, state, local or foreign law and the Corporation has not advised the Optionee on such matters 4. Term of Option. (a) Term. The term of the Option shall commence on the Grant Date an...d end on the tenth anniversary of the Grant Date (the "Expiration Date"), or on such earlier date as provided in Section 4(b) below (the "Term"). (b) Termination of Employment. Except as otherwise provided in Section 7(b), upon the Optionee's termination of [employment or service] with the Company and its Subsidiaries, the unvested portion of the Option shall cease to vest and shall be forfeited and the vested portion of the Option shall remain exercisable by the Optionee or the Optionee's beneficiary or legal representative, as the case may be, for a period of (i) one year in the event of a termination due to death or Disability, by the Company or a Subsidiary without Cause, by the Optionee for Good Reason or as the result of the Optionee's Retirement and (ii) six months in the event of the Optionee's resignation without Good Reason and not due to Retirement; provided, however, that no part of the Option shall be exercisable after the Expiration Date. The entire unexercised portion of the Option, whether or not vested, shall be forfeited immediately upon the Optionee's termination by the Company or a Subsidiary for Cause. View More
Found in Aquestive Therapeutics, Inc. contract
Type of Option. The If the Grant Notice indicates that the grant type is "ISO," then the Option is not intended to be an Incentive Stock Option described by Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). Notwithstanding the designation of this Option as a either an Incentive Stock Option or non-qualified stock option, the Corporation makes no representation as to the treatment of the Option under any federal, state, local or foreign tax law and the Corporation has not advised the Opt...ionee on such matters 4. matters. If the Grant Notice does not specify the grant type as "ISO," or if any portion of the Option cannot qualify as an Incentive Stock Option, then the Option (or such portion of the Option, as applicable) shall not be an Incentive Stock Option. 1 To be used for employees who are not executives. 1 3. Term of Option. (a) Term. The term of the Option shall commence on the Grant Date and end on the tenth anniversary of Expiration Date specified on the Grant Date (the "Expiration Date"), Notice, or on such earlier date as provided in the Plan and Section 4(b) 3(b) below (the "Term"). (b) Termination of Employment. Except as otherwise provided in Section 7(b), upon Upon the Optionee's termination of [employment or service] employment with the Company and its Subsidiaries, except as set forth in Section 5(b) or Section 14 hereof, the unvested portion of the Option shall cease to vest and shall be forfeited and the vested portion of the Option (taking into consideration any vesting required by Section 5(b) hereof, if applicable) shall remain exercisable by the Optionee or the Optionee's beneficiary or legal representative, as the case may be, for a period of (i) one year 90 days in the event of the Optionee's termination for any reason other than for Cause, death or Disability and (ii) 180 days in the event of a termination due to death or Disability, by the Company or a Subsidiary without Cause, by the Optionee for Good Reason or as the result of the Optionee's Retirement and (ii) six months in the event of the Optionee's resignation without Good Reason and not due to Retirement; Disability; provided, however, that no part of the Option shall be exercisable after the Expiration Date. The entire unexercised portion of the Option, whether or not vested, shall be forfeited immediately upon the Optionee's termination by the Company or a Subsidiary for Cause. View More
Found in Edge Therapeutics, Inc. contract
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Type of Option. This Option is intended to qualify either as an ISO or an NQO, as set forth on the Signature Page of this Agreement. If this Option is intended to qualify as an ISO, it is agreed that the Exercise Price is at least 100% of the Fair Market Value per Share on the Grant Date (110% of Fair Market Value if Section 7.2 of the Plan applies).
Found in CHASE CORP contract
Type of Option. This Option is intended to qualify either as an ISO or an NQO, as set forth on the Signature Page of this Agreement. above. If this Option is intended to qualify as an ISO, it is agreed that the Exercise Price per Share is at least 100% of the Fair Market Value per Share on the Grant Date (110% of Fair Market Value if Section 7.2 of the Plan applies).
Found in Biohaven Pharmaceutical Holding Co Ltd. contract
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