Common use of Disposition of Stock Clause in Contracts

Disposition of Stock. A Participant shall notify the Administrator of any sale or other disposition of Common Stock acquired pursuant to an Option that was an incentive stock option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the Company.

Appears in 15 contracts

Samples: 2009 Stock Incentive Plan (Media Sciences International Inc), 1992 Omnibus Stock Incentive Plan (Tredegar Corp), 2006 Stock Incentive Plan (Media Sciences International Inc)

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Disposition of Stock. A Participant shall notify the Administrator Company of any sale or other disposition of Common Stock acquired pursuant to an Option that was an incentive stock option Incentive Stock Option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the Company.

Appears in 4 contracts

Samples: Incentive Plan (Village Bank & Trust Financial Corp.), Incentive Plan (Village Bank & Trust Financial Corp.), 2007 Equity Compensation Plan (Eastern Virginia Bankshares Inc)

Disposition of Stock. A Participant shall notify the Administrator of any sale or other disposition of Common Stock acquired pursuant to an Option that was an incentive stock option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the CompanyCorporation.

Appears in 3 contracts

Samples: Incentive Plan (Boundless Corp), Incentive Plan (Educational Video Conferencing Inc), Incentive Plan (Evci Career Colleges Inc)

Disposition of Stock. A Participant shall notify the Administrator Corporation of any sale or other disposition of Common Stock acquired pursuant to an Option that was an incentive stock option Incentive Stock Option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the CompanyCorporation.

Appears in 2 contracts

Samples: 2006 Equity Compensation Plan (Middleburg Financial Corp), Equity Compensation Plan (Middleburg Financial Corp)

Disposition of Stock. A Participant shall notify the Administrator Company of -------------------- any sale or other disposition of Common Stock acquired pursuant to an Option that was an incentive stock option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the Company.

Appears in 1 contract

Samples: 1999 Stock Option Plan (Cardinal Financial Corp)

Disposition of Stock. A Participant shall notify the Administrator Company of any permitted sale or other disposition of Common Stock acquired pursuant to an Option that was an incentive stock option if such permitted sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the Company.

Appears in 1 contract

Samples: 1997 Equity Incentive Plan (Net2000 Communications Inc)

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Disposition of Stock. A Participant shall notify the Administrator Committee of any sale or other disposition of Common Stock acquired pursuant to an Option that was an incentive stock option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the Company.

Appears in 1 contract

Samples: 1997 Stock Incentive Plan (Mainstreet Bankgroup Inc)

Disposition of Stock. A Participant shall notify the Administrator Company of any sale or other disposition of Common Stock acquired pursuant to an Option that was an incentive stock option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the Company.

Appears in 1 contract

Samples: 1999 Stock Option Plan (Cardinal Financial Corp)

Disposition of Stock. A Participant shall notify the Administrator Company of any sale or other disposition of Common Stock acquired pursuant to an Option that was an incentive stock option if such sale or disposition occurs (ia) within two years of the grant of an Option or (iib) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the Company.

Appears in 1 contract

Samples: Incentive Compensation and Stock Plan (Newmarket Corp)

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