Common use of Disqualifying Disposition Clause in Contracts

Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant in a “Disqualifying Disposition,” such Participant 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” shall mean a disposition of Common Stock that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified Stock Option under Section 11) prior to the expiration of either two (2) years from the Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant pursuant to the exercise of the Stock Option.

Appears in 16 contracts

Samples: Incentive Stock Option Agreement (Staffing 360 Solutions, Inc.), Incentive Stock Option Agreement (Staffing 360 Solutions, Inc.), Incentive Stock Option Agreement (AquaMed Technologies, Inc.)

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Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant in a “Disqualifying Disposition,” such Participant 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” shall mean a disposition of Common Stock that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified Stock Option under Section 11) prior to the expiration of either two (2) years from the Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant pursuant to the exercise of the this Stock Option.

Appears in 11 contracts

Samples: Incentive Stock Option Agreement (Integrated Security Systems Inc), Incentive Stock Option Agreement (Toreador Resources Corp), Incentive Stock Option Agreement (Plainscapital Corp)

Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant Optionee in a “Disqualifying Disposition,” such Participant 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, “Disqualifying Disposition” shall mean a disposition of Common Stock that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified option which is not an Incentive Stock Option under Section 1125) prior to the expiration of either two (2) years from the Grant Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant Optionee pursuant to the exercise of the Stock this Option.

Appears in 2 contracts

Samples: Employment Agreement (Lighting Science Group Corp), Employee Incentive Stock Option Agreement (Lighting Science Group Corp)

Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant in a “Disqualifying Disposition,” such Participant 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” shall mean a disposition of Common Stock that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified Stock Option under Section 1112) prior to the expiration of either two (2) years from the Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant pursuant to the exercise of the Stock Option.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Beneficient Co Group, L.P.), Incentive Stock Option Agreement (Brand Engagement Network Inc.)

Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant Optionee in a “Disqualifying Disposition,” such Participant 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, “Disqualifying Disposition” shall mean a disposition of Common Stock that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified an option which is not an Incentive Stock Option under Section 1125) prior to the expiration of either two (2) years from the Grant Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant Optionee pursuant to the exercise of the Stock this Option.

Appears in 1 contract

Samples: Employment Agreement (Lighting Science Group Corp)

Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant in a “Disqualifying Disposition,” such Participant 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” shall mean a disposition of Common Stock that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified Stock Option under Section 11) prior to the expiration of either two (2) years from the Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant pursuant to the exercise of the Stock Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (DropCar, Inc.)

Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant in a "Disqualifying Disposition," such Participant 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" shall mean a disposition of Common Stock that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified Stock Option nonqualified stock option under Section 11) prior to the expiration of either two (2) years from the Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant pursuant to the exercise of the this Stock Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Corniche Group Inc /De)

Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant in a “Disqualifying Disposition,” such Participant 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” shall mean a disposition of Common Stock that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified Stock Option under Section 1112) prior to the expiration of either two (2) years from the Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant pursuant to the exercise of the this Stock Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Kitty Hawk Inc)

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Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant in a “Disqualifying Disposition,” such Participant 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” shall mean a disposition of Common Stock that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified Nonstatutory Stock Option under Section 11) prior to the expiration of either two (2) years from the Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant pursuant to the exercise of the Stock Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Alliqua, Inc.)

Disqualifying Disposition. In the event that Common Stock ADSs acquired upon exercise of this Stock Option is disposed of by the Participant in a “Disqualifying Disposition,” such Participant shall notify the Company in writing within thirty (30) 30 days after such disposition of the date and terms of such disposition. For purposes hereof, “Disqualifying Disposition” shall mean a disposition of Common Stock ADSs that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified Stock Option under Section 11) prior to the expiration of either two (2) years from the Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant pursuant to the exercise of the Stock Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (RedHill Biopharma Ltd.)

Disqualifying Disposition. In the event that Common Stock Shares acquired upon exercise of this Stock Option is disposed of by the Participant in a “Disqualifying Disposition,” such the Participant 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” shall mean a disposition of Common Stock Shares that is are acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified an option which is not an Incentive Stock Option under Section 11) prior to the expiration of either two (2) years from the Date of Grant of this Stock Option or one (1) year from the transfer of shares Shares to the Participant pursuant to the exercise of the this Stock Option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (InspireMD, Inc.)

Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant in a "Disqualifying Disposition," such Participant 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" shall mean a disposition of Common Stock that is acquired upon the exercise of this an Incentive Stock Option (and that is not deemed granted pursuant to a Nonqualified Stock Option under Section 11) prior to the expiration of either two (2) years from the Date of Grant of this such Incentive Stock Option or one (1) year from the transfer of shares to the Participant pursuant to the exercise of the such Incentive Stock Option.

Appears in 1 contract

Samples: Executive Stock Option Agreement (Alamosa Holdings Inc)

Disqualifying Disposition. In the event that Common Stock acquired upon exercise of this Stock Option is disposed of by the Participant in a “Disqualifying Disposition,” such Participant 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” shall mean a disposition of Common Stock that is acquired upon the exercise of this Stock Option (and that is not deemed granted pursuant to a Nonqualified Stock Option under Section 1117 hereof ) prior to the expiration of either two (2) years from the Grant Date of Grant of this Stock Option or one (1) year from the transfer of shares to the Participant pursuant to the exercise of the Stock this Option.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Universal Technology Systems Corp.)

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