Common use of CERTAIN TIMING REQUIREMENTS Clause in Contracts

CERTAIN TIMING REQUIREMENTS. Shares of the Company's Common Stock issuable to the Optionee upon exercise of the Option may be used to satisfy the Option price or the tax withholding consequences of such exercise only (i) during the period beginning on the third (3rd) business day following the date of release of the quarterly or annual summary statement of sales and earnings of the Company and ending on the twelfth (12th) business day following such date or (ii) pursuant to an irrevocable written election by the Optionee to use shares of the Company's Common Stock issuable to the Optionee upon exercise of the Option to pay all or part of the Option price or the withholding taxes (subject to the approval of the Committee) made at least six (6) months prior to the payment of such Option price or withholding taxes.

Appears in 12 contracts

Samples: Stock Option Agreement (Network Appliance Inc), Stock Option Agreement (Signature Resorts Inc), Stock Option Agreement (Signature Resorts Inc)

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CERTAIN TIMING REQUIREMENTS. Shares of the Company's Common Stock issuable to the Optionee upon exercise of the Option may be used to satisfy the Option price or the tax withholding consequences of such exercise only (i) during the period beginning on the third (3rd) business day following the date of release of the quarterly or annual summary statement of sales and earnings of the Company and ending on the twelfth (12th) business day following such date or (ii) pursuant to an irrevocable written election by the Optionee to use shares of the Company's Common Stock issuable to the Optionee upon exercise of the Option to pay all or part of the Option price or the withholding taxes (subject to the approval of the CommitteeAdministrator) made at least six (6) months prior to the payment of such Option price or withholding taxes.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Comps Com Inc), Non Qualified Stock Option Agreement (Comps Com Inc)

CERTAIN TIMING REQUIREMENTS. Shares of the Company's Common Stock issuable to the Optionee Employee upon exercise of the Option may be used to satisfy the Option price or the tax withholding consequences of such exercise only (i) during the period beginning on the third (3rd) business day following the date of release of the quarterly or annual summary statement of sales and earnings of the Company and ending on the twelfth (12th) business day following such date or (ii) pursuant to an irrevocable written election by the Optionee Employee to use shares of the Company's Common Stock issuable to the Optionee Employee upon exercise of the Option to pay all or part of the Option price or the withholding taxes (subject to the approval of the CommitteeAdministrator) made at least six (6) months prior to the payment of such Option price or withholding taxes.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Comps Com Inc), Incentive Stock Option Agreement (Comps Com Inc)

CERTAIN TIMING REQUIREMENTS. Shares of the Company's Common Stock issuable to the Optionee upon exercise of the Option may be used to satisfy the Option price or of the tax withholding consequences of such exercise only (i) during the period beginning on the third (3rd) business day following the date of release of the quarterly or annual summary statement of sales and earnings of the Company and ending on the twelfth (12th) business day following such date or (ii) pursuant to an irrevocable written election by the Optionee to use shares of the Company's Common Stock issuable to the Optionee upon exercise of the Option to pay all or part of the Option price or the withholding taxes (subject to the approval of the Committeerequired by Section 4.3(b) and (d)) made at least six (6) months prior to the payment of such Option price or withholding taxes.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (TSW International Inc)

CERTAIN TIMING REQUIREMENTS. Shares of the Company's Common Stock issuable to the Optionee Employee upon exercise of the Option may be used to satisfy the Option price or the tax withholding consequences of such exercise only (i) during the period beginning on the third (3rd) business day following the date of release of the quarterly or annual summary statement of sales and earnings of the Company and ending on the twelfth (12th) business day following such date or (ii) pursuant to an irrevocable written election by the Optionee Employee to use shares of the Company's Common Stock issuable to the Optionee Employee upon exercise of the Option to pay all or part of the Option price or the withholding taxes (subject to the approval of the Committee) made at least six (6) months prior to the payment of such Option price or withholding taxes.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Mercury General Corp)

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CERTAIN TIMING REQUIREMENTS. Shares of the Company's Common Stock issuable to the Optionee upon exercise of the Option may be used to satisfy the Option price or the tax withholding consequences of such exercise only (i) during the period beginning on the third (3rd) business day following the date of release of the quarterly or annual summary statement of sales and earnings of the Company and ending on the twelfth (12th) business day following such date or (ii) pursuant to an irrevocable written election by the Optionee to use shares of the Company's Common Stock issuable to the Optionee upon exercise of the Option to pay all or part of the Option price or the withholding taxes (subject to the approval of the Committee) made at least six (6) months prior to the payment of such Option price or withholding taxes.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Ambassadors Group Inc)

CERTAIN TIMING REQUIREMENTS. Shares of the Company's Common Stock issuable to the Optionee Optionholder upon exercise of the Option may be used to satisfy the Option price or the tax withholding consequences of such exercise only (i) during the period beginning on the third (3rd) business day following the date of release of the quarterly or annual summary statement of sales and earnings of the Company and ending on the twelfth (12th) business day following such date or (ii) pursuant to an irrevocable written election by the Optionee Optionholder to use shares of the Company's Common Stock issuable to the Optionee Optionholder upon exercise of the Option to pay all or part of the Option price or the withholding taxes (subject to the approval of the CommitteeBoard) made at least six (6) months prior to the payment of such Option price or withholding taxes.

Appears in 1 contract

Samples: Option Agreement (G E Investment Management Inc)

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