Common use of Disqualifying Disposition Clause in Contracts

Disqualifying Disposition. To the extent that any Shares do not qualify as an “incentive stock option,” it shall not affect the validity of such Shares and shall constitute a separate non-qualified stock option. In the event that the Optionee disposes of the Shares acquired upon exercise of this option within two years from the Grant Date or one year after such Shares were acquired pursuant to exercise of this option, the Optionee must deliver to the Company, within seven (7) days following such disposition, a written notice specifying the date on which such shares were disposed of, the number of shares so disposed, and, if such disposition was by a sale or exchange, the amount of consideration received.

Disqualifying Disposition. To the extent that any Shares do share does not qualify as an “incentive stock option,” it shall not affect the validity of such Shares and shall constitute a separate non-qualified stock option. In the event that the Optionee Participant disposes of the Shares acquired upon exercise of this option within two years from the Grant Date or one year after such Shares were acquired pursuant to exercise of this option, the Optionee Participant must deliver to the Company, within seven (7) days following such disposition, a written notice specifying the date on which such shares were disposed of, the number of shares so disposed, and, if such disposition was by a sale or exchange, the amount of consideration received.

Disqualifying Disposition. To the extent that any Shares do share does not qualify as an “incentive stock option,” it shall not affect the validity of such Shares and shall constitute a separate non-qualified stock option. In the event that the Optionee Participant disposes of the Shares acquired upon exercise of this option Option within two years from the Grant Date or one year after such Shares were acquired pursuant to exercise of this option, the Optionee Participant must deliver to the Company, within seven (7) days following such disposition, a written notice specifying the date on which such shares Shares were disposed of, the number of shares Shares so disposed, and, if such disposition was by a sale or exchange, the amount of consideration received. Further, Participant agrees to provide Company with any other information relating to such disposition as it may reasonably require for tax purposes.

Disqualifying Disposition. To the extent that any of the Shares do not qualify as being issued pursuant to an “incentive stock option,” it shall not affect the validity of such Shares and such Shares shall constitute be deemed issued pursuant to a separate non-qualified stock option. In the event that the Optionee Participant disposes of any Shares upon the Shares acquired upon exercise of this option within two years from the Grant Date or one year after such the Shares were acquired pursuant to by the exercise of this option, the Optionee must Participant shall deliver to the Company, within seven (7) days following the date of such disposition, a written notice specifying the date on which such shares the Shares were disposed of, the number of shares so disposed, Shares disposed of and, if such disposition was by a sale sales or exchange, the amount of the consideration received.

Disqualifying Disposition. To the extent that any Shares do portion of the Stock Option does not qualify as an “incentive stock option,” it shall not affect the validity of such Shares Stock Option and shall constitute a separate non-qualified stock option. In the event that the Optionee disposes of the Shares acquired upon exercise of this option Stock Option within two years from the Grant Date or one year after such Shares were acquired pursuant to exercise of this option, the Optionee must deliver to the Company, within seven (7) days following such disposition, a written notice specifying the date on which such shares were disposed of, the number of shares so disposed, and, if such disposition was by a sale or exchange, the amount of consideration received.

Disqualifying Disposition. To the extent that any Shares do share does not qualify as an “incentive stock optionOption,” it shall not affect the validity of such Shares and shall constitute a separate non-qualified stock optionOption. In the event that the Optionee Participant disposes of the Shares acquired upon exercise of this option Option within two years from the Grant Date or one year after such Shares were acquired pursuant to exercise of this optionOption, the Optionee Participant must deliver to the Company, within seven (7) days following such disposition, a written notice specifying the date on which such shares were disposed of, the number of shares so disposed, and, if such disposition was by a sale or exchange, the amount of consideration received.

Disqualifying Disposition. To the extent that this Option or any Shares do portion thereof does not qualify as an “incentive stock option,” it shall not affect the validity of such Shares Option and shall constitute a separate non-qualified stock optionNonqualified Stock Option. In the event that the Optionee disposes you dispose of the Shares shares acquired upon exercise of this option Option within two years from the Grant Date or one year after such Shares shares were acquired pursuant to exercise of this optionOption, the Optionee you must deliver to the Company, within seven (7) days following such disposition, a written notice specifying the date on which such shares were disposed of, the number of shares so disposed, and, if such disposition was by a sale or exchange, the amount of consideration received.