Common use of Disqualifying Disposition Clause in Contracts

Disqualifying Disposition. In the event that Shares acquired upon exercise of the Option are disposed of by Optionee in a “Disqualifying Disposition,” Optionee shall notify the Company in writing within thirty (30) days after such disposition of the date and terms of such disposition. For purposes hereof, “Disqualifying Disposition” means a disposition of Shares that are acquired upon the exercise of the Option prior to the expiration of either two (2) years from the Grant Date or one (1) year from the transfer date of Shares to Optionee pursuant to the exercise of the Option.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Resaca Exploitation, Inc.), Incentive Stock Option Agreement (Resaca Exploitation, Inc.), Incentive Stock Option Agreement (Consolidated Graphics Inc /Tx/)

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Disqualifying Disposition. In the event that Shares acquired upon exercise of the an Option are disposed of by Optionee in a “Disqualifying Disposition,” Optionee shall notify the Company in writing within thirty (30) days after such disposition of the date and terms of such disposition. For purposes hereof, “Disqualifying Disposition” means a disposition of Shares that are acquired upon the exercise of the an Option prior to the expiration of either two (2) years from the Grant Date or one (1) year from the transfer date of Shares to Optionee pursuant to the exercise of the that Option.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Global Geophysical Services Inc), Incentive Stock Option Agreement (Global Geophysical Services Inc)

Disqualifying Disposition. In If the event that Optionee disposes of any Shares acquired upon the exercise of the Option are disposed within two (2) years after the Effective Date or one (1) year after such Shares were acquired pursuant to the exercise of by Optionee in the Option (either disposition, a “Disqualifying Disposition,” ”), the Optionee acknowledges and agrees ​ that the Optionee shall notify the Company in writing of such disposition. Any notice to the Company of a Disqualifying Disposition must be given within thirty (30) days after such disposition of the date and terms of such disposition. For purposes hereof, “Disqualifying Disposition” means a disposition of Shares that are acquired upon the exercise of the Option prior to the expiration of either two (2) years from the Grant Date or one (1) year from the transfer date of Shares to Optionee pursuant to the exercise of the Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (US Ecology, Inc.)

Disqualifying Disposition. In the event that Shares acquired upon exercise of the Option are disposed of by Optionee in a “Disqualifying Disposition,” Optionee shall notify the Company in writing within thirty (30) days after such disposition of the date and terms of such disposition. For purposes hereof, “Disqualifying Disposition” means a disposition of Shares that are acquired upon the exercise of the Option prior to the expiration of either two (2) years from the Grant Date or one (1) year from the transfer date of Shares to Optionee pursuant to the exercise of the Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Consolidated Graphics Inc /Tx/)

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Disqualifying Disposition. In If the event that Optionee disposes of the Shares acquired received upon exercising the Option, prior to the expiration of either two (2) years from the Grant Date or one (1) year from the date the Shares are transferred to the Optionee pursuant to the exercise of the Option are disposed of by Optionee in (a “Disqualifying Disposition,” ”), the Optionee shall notify the Company in writing within thirty (30) days after such disposition of the date and terms of such disposition. For purposes hereof, “The Optionee also agrees to provide the Company with any information concerning any such Disqualifying Disposition” means a disposition of Shares that are acquired upon Disposition as the exercise of the Option prior to the expiration of either two (2) years from the Grant Date or one (1) year from the transfer date of Shares to Optionee pursuant to the exercise of the OptionCompany requires for tax purposes.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Rti Surgical, Inc.)

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