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AFFY » Topics » Incentive Stock Option $100,000 Limitation.

This excerpt taken from the AFFY 10-K filed Mar 4, 2010.
Incentive Stock Option $100,000 Limitation.  To the extent that the aggregate Fair Market Value (determined at the time of grant) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and any Affiliates) exceeds one hundred thousand dollars ($100,000), the Options or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options, notwithstanding any contrary provision of the applicable Option Agreement(s).

 

"Incentive Stock Option $100,000 Limitation." elsewhere:

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